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内幕交易理论的普通法基础 被引量:6

Common Law Principles on Insider Trading
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摘要 本文以美国最高法院的重要判例为主线,讨论内幕交易的“特定事实”学说、经典理论和盗用理论,分析这些理论的普通法基础及其演变过程,以图说明内幕交易法的移植是一件非常困难的事,各国(地区)只有以自己的基本法律、执法机制和司法体制为依归,才能发展出合用的内幕交易法。 This paper, taking important legal precedent of theUS Supreme Court as the thread, discusses various kinds oftheories on insider trading like“Specific Fact” theory,classical theory and theft theory, and illustrates the commonlaw principles on these theories and their evolution process inan attempt to explain the impossibility of law transplantation.Applicable law of each country shall be developed based on thebasic law and judicature mechanism of its own.
作者 陈舜
机构地区 北京大学法学院
出处 《证券市场导报》 北大核心 2005年第1期29-35,共7页 Securities Market Herald
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参考文献28

  • 1.美国1933年《证券法》,第10章[Z].,..
  • 2IOSCO, Insider Trading: How Jurisdictions Regulate it, March, 2003.
  • 3H Henn & J Alexander, Law of Corporations, 646-48; Conant, "Duties of Disclosure of Corporate Insiders Who Purchase Shares',46 Cornell L Q 53(1960) ; Banerjee & Eckard, "Why Regulate Insider Trading: Evidence from the First Great Merger Wave (1897-1903)" ,91 Am Econ Rev. 1329 (2001).
  • 4Geller v. Transamedca Corporation,53 F. Supp. 625 (D. Del. 1943).
  • 5Strong v Repide, 213 U S 419, 29S. Ct. 521,53 L. Ed. 853 (1909).
  • 6Strong v Repide, 213 U S 434, 29S. Ct. 521, 53 L. Ed. 853 (1909).
  • 7Oliver v Oliver, 118 Ga 362, 45S.E. 232 (1903); Sampson v Hunt, 222 Kan 268, 564 P 2d 489 (1977);Treadway Companies, Inc v Care Corp,638 F.2d 357, Fed. Sec. L. Rep. (CCH) P97603, Fed. Sec. L. Rep. (CCH) P 97705(2d Cir. 1980).
  • 8Goodwin v Agassiz, 283 Mass.358, 186 N.E. 659 (1933).
  • 9Banerjee & Eckard, "Why Regulate Insider Trading: Evidence from the First Great Merger Wave (1897-1903)',91 Am.Econ. Rev. 1329 (2001).
  • 10SEC: IN THE MATTER OFCADY,ROBERTS & CO., 40 S E C Release No.6668,Nov 08, 1961.

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