内幕交易犯罪客观要件的认定——以美国对证券内幕交易罪的相关规定为视角

Identification of Main Objective Elements of Insider Dealing ——From the Perspective of American Regulations on Dealing with the Crime in Security Sector

伴随着中国民众投资理财观念的不断增强,证券交易已经成为我国国民经济中不可或缺的一种交易形式。其中,内幕交易、泄露内幕信息的行为日益频繁,且呈现出行为方式多样化、主体多元化的特征。最高人民法院、最高人民检察院于2012年5月出台了第一部专门针对内幕交易犯罪的司法解释。由此,结合美国关于证券内幕交易的相关理论、法规和案例,对《关于办理内幕交易、泄露内幕信息刑事案件应用法律若干规定的解释》中所涉及的关于内幕交易罪客观行为规定所存在的问题,提出相应的修改和完善建议。

With the Chinese people’s investment notion strengthening, security trade has become indispensible in our national economy. Related with this, insider dealing, inside information disclosure and the like not only happen frequently but also appear in various forms and have different characteristics. The supreme people’s court and supreme people’s procuratorate enacted the Judicial Interpretation targeting the insider trading in May, 2012. Accordingly, based on the American theory, laws and cases related with insider dealing, suggestions are put forward that the Interpretation of Applied Legal Provisions on Dealing with Insider Dealing and Inside Information Disclosure in Criminal Cases should be amended and perfected.