我国证券内幕交易案中投资者求偿权研究

Research on Insider Trading Cases Claims of Security Investors in China

投资者对证券市场的发展起到至关重要的作用,保护投资者权益是证券法律的使命。内幕交易违反证券法"三公"原则,损害投资者权益,为各国法律所规制。投资者可以通过行使求偿权以恢复内幕交易导致的利益损失。我国现有法律对投资者求偿权保护不足,求偿权实现存在障碍。为保障内幕交易案中投资者求偿权的实现,需要明确投资者保护的重要性,转变立法、执法、司法的理念,明确求偿权内容,完善诉讼、调解、仲裁等途径。

Investors play a crucial role in the development of securities markets. Protecting the interests of investors is the mission of security law. Insider trading violates of the ＂open,fair and justice＂principles of Securities Law and damages the interests of investors,and is regulated by laws. Investors can exercise claims to recover losses caused by insider trading. Our existing laws have little effect on the investor protection,and there are obstacles to realize claims. To achieve protection of investor claims of insider trading,we need to clear the importance of investor protection,to change the legislation,the concept of law enforcement,judicial,to clear content claims,to improve litigation,mediation,arbitration and other means.