the manipulation of securities market and its civil liabilities 论操纵市场行为及其民事赔偿责任
chapter two is securities liability for tort, in which i analyse and study civil liability for typical tortious acts, such as false statement, insider trading, manipulation of securities market and fraud on clients 在对证券侵权责任从总体上作简短的分析后,对几种典型的证券侵权行为展开了论述,包括不实陈述、内幕交易、操纵市场、欺诈客户等。
this dissertation follows three chapters . in chapter l, it points out that the manipulation of securities market is intrinsically a sort of fraudulent torts, by analyzing the legal nature of the manipulation in light of such basic theories as jurisprudence, civil law and commercial law 本文共三章。第一章利用法理学、民商法学等基本理论分析了操纵市场行为在商法上的性质,指出操纵市场行为实质是一种欺诈性的侵权行为。
part one defines the manipulation of securities market as such a serial of acts as affecting trading prices of securities by artificial means, inducing others to transact securities, etc . manipulative activities shall be seen as a kind of fraud . in the end, this part compares the said activities with speculation and the other similar term 第一部分:首先指出操纵行为是指利用各种人为手段影响证券交易价格,诱使他人买卖证券的一系列行为,并明确地将操纵行为定性为欺诈行为,然后对操纵与投机、做市商的做市行为进行比较。
the main tort activities in the securities market can be classified as follows : 1 ) falsified or misleading information on important omissions that result in losses for investors during securities transaction; 2 ) manipulation of securities market; 3 ) securities exchange personnel with inside information; and 4 ) issuance of securities to the public without prior approval by authorized body according to law 《证券法》中的证券侵权行为包括虚假陈述,误导、重大遗漏,操纵市场,内幕交易,发行人擅自发行证券等。产生民事侵权责任的构成要件是:首先,有侵权行为存在,即存在虚假陈述,误导、重大遗漏行为,操纵市场行为,内幕交易行为和发行人擅自发行证券行为。