摘要
2013年万福生科虚假陈述案开创了保荐机构先行赔付投资者之先河。证券市场先行赔付制度的引入及其法律构造,因应了投资者保护的市场化逻辑和法治化逻辑。投资者保护基金是在防范和处置证券公司风险中用于保护投资者利益的资金,以投资者保护基金为中心构建先行赔付制度具有理论上的合理性和实践上的可行性。为此,有必要从资金筹集、基金用途、赔偿机制和代位求偿等方面完善投资者保护基金制度,并在此基础上构建我国证券市场先行赔付制度。
Wanfu Biotechnology misrepresentation case in 2013 set a precedent of advance compensation to investors by the sponsor. Advance compensation is legal logic of investors protection. Investor protection fund is used to compensate investors in recovery and dissolving security companies, build advance compensation system based on investor protection fund is reasonable and feasible. For this reason, it is necessary to improve investor protection fund from aspect of sources of fund, uses of fund, compensation mechanisms and subrogation right.
出处
《证券市场导报》
CSSCI
北大核心
2015年第2期65-71,共7页
Securities Market Herald
关键词
证券市场
先行赔付制度
投资者保护基金
security market, advance compensation, investor protection fund
