证券市场虚假陈述民事责任研究

A Study of Civil Responsibility of the False Statement in Stock Markets

虚假陈述是证券欺诈民事行为的一种,本文探讨了虚假陈述民事责任的法律性质,认为它既有违约责任,又有侵权责任,还有违约责任和侵权责任的竞合。在此基础上,分析了证券虚假陈述民事责任因果关系的认定,应借鉴国外相当因果关系的认定标准。最后分析了虚假陈述民事行为的法律后果,因虚假陈述受到损害的投资者,可以向法院起诉,要求撤销合同和赔偿损失。

False statement is a civil case of stock deceiving.This paper discusses the legal character of this kind of cases,and points out that such a crime results in breach of faith,responsibility of depriving other's right,and both of the two re-sponsibilities.On the basis of the discussion,the paper analyzes how to have a cognizance of relations of the causes and ef-fect in a civil case,and points out that it is necessary to introduce foreign standard of cause-effect cognizance.In the last part the paper further analyzes the legal effect of a false statement.