互联网股权众筹的刑事风险及规制类型建构——基于刑法理性的视角

The Criminal Risks of Internet Equity Crowdfunding and the Construction of Regulatory Types-From the Perspective of Criminal Law Rationality

在鼓励扶持民营企业发展的政策引导下,互联网股权众筹在现时具备重要价值。但因为监管法律缺失、经营模式有待完善等原因,互联网股权众筹的“野蛮生长”可能引发多种刑事风险,对此一味动用刑法并非妥当的选择。当代社会的刑法理性由风险社会理论、轻罪治理观等组成,基于刑法理性的思维,应对不同的行为类型进行分类规制:对不值得刑事处罚的行为类型进行出罪,并使用前置法规范进行调控;对法益侵害性有限的行为类型从轻处罚;对可能进一步引发严重社会风险的行为类型从重处罚,以此确保互联网股权众筹在法治轨道上健康有序发展。

Under the policy guidance of encouraging and supporting the development of private enterprises,internet equity crowdfunding has important value today.However,due to the lack of regulatory laws and the need for improved models,the“barbaric growth”of internet equity crowdfunding may trigger various criminal risks,but blindly using criminal law is not an appropriate choice.The rationality of criminal law in contemporary society consists of the theory of risk society and the concept of misdemeanor governance.Based on the rational thinking of criminal law,different behaviors should be classified and regulated:the types of behaviors that are not worthy of criminal punishment should be criminalized and regulated using pre-existing legal norms;behavior types with limited legal infringement should be provided lenient punishment;behavior types that may further trigger serious social risks should be imposed heavier penalties,ensuring the healthy and orderly development of internet equity crowdfunding on the track of the rule of law.