利用未公开信息交易罪疑难问题探析

Difficult Problems about the Crime of Trading by Making Use of Undisclosed Information

《刑法修正案(七)》增加的利用未公开信息交易罪填补了证券市场中出现的基金业"老鼠仓"刑法规制的空白,为有效打击基金业"老鼠仓"提供了刑罚利器。然而,作为一个独立罪名,与同处《刑法》第180条的内幕交易罪缺乏应有的协调性,同时也缺乏应有的周延性。该罪的犯罪主体、未公开信息的范围、情节严重的标准等的不明确可能会给司法带来一定的困难,应该通过司法解释明确未公开信息的范围、犯罪主体,还应将泄露未公开信息也纳入该罪的范畴。

Criminal Law Amendment（7） has convicted the crime of trading by making use of undisclosed information which fills the blank of criminal law to deal ＂rat trading＂ in the security market and provides weapon to crack down ＂rat trading＂effectively.However,as a separate criminal charge,it lacks coordination and circumspect nature with the insider trading crime in ＂Criminal Law ＂article 180.The subject of the crime,the scope of undisclosed information and the serious standards are uncertain which may bring certain difficulties to apply it,we should define the scope of undisclosed information and the crime subject by judicial interpretation,disclosing undisclosed information is also included in the scope of the crime.