证券市场内幕交易的现状与防治研究——以光大证券乌龙指事件为例

The research on the situation and prevention of insider trading in stock market——Take Everbright “Fat Finger” For Example

光大证券发生的"乌龙指"内幕交易事件,扰乱了股市正常秩序,违反证券市场交易的"三公"原则,损害了投资者的合法利益,不利于证券交易的秩序运转。尽管我国在证券交易市场在程序监管方面,形成一定的成效,但仍然存在着诸监管体制不健全、证券内幕交易多元化、信息缺乏有效制衡等问题。本文对国内证券市场的环境分析、成因调查,论述其内幕交易危害性,并依照相关特征提出相应的对策,维护国内证券交易市场的健康秩序。

Everbright ＇fat finger＇ insider trading adversely impacts the order of stock markets, meantime, it also violates the principles ＂open, impartiality and justness＂ , and harms the legal interests of investors. Even though China authority has achieved certain results in the existing supervision system, there are still some prob- lems in the stock markets, such as unsound regulation system, diversifications of insider trading and information asymmetry. This research will analyze China stock markets and investigate the cause and harmfulness of insider trading. In the end, some appropriate recommendations will be given to maintain the healthy order of China stock markets.