摘要
本文论述了美国规制内幕交易的法律演变,详细阐述了美国新近规制内幕交易的规则10b5-1和10b5-2。10b5-1规定,当交易人知道非公开的重大信息而进行证券交易时即应承担责任;10b5-2适用于违反既存的商业关系而私用机密信息的案件。
This essay reviews and concludes the historical development of U.S.law on regulating the insider trading in the securities market,and the latest rules on this is sue,namely the10b5-1and10b5-2promulgated in August,2000.Rule10b5-1provides that a person trades on the basis of material nonpublic information if a trader is″aware″of the material nonpublic information when making the purchase or sale.Rule10b5-2clarifies how the misappropiation theory applies to cer-tain non-business relationships.
出处
《政治与法律》
CSSCI
北大核心
2002年第4期70-74,共5页
Political Science and Law
