On The Effective Supervision Of Stock Market Manipulation, From The Perspective Of Behavioral Characteristics

The main topic of this thesis is to explore how to keep efficient supervision and regulation of stock market manipulation. Starting from the angle of characteristics of the deeds of manipulation, by theoretical and practical analysis, this article answers mainly the following three questions: firstly, the importance of a special supervisory and regulatory entity in the supervision and regulation system of stock market manipulation. Secondly, what kind of supervisory and regulatory power that the supervisory and regulatory entity shall have to realize its efficient supervision and regulation to the deeds of stock market manipulation. Thirdly, how to consummate the supervision and regulation of stock market manipulation in China.The special supervisory and regulatory entity plays an important role in supervision and regulation to stock market manipulation. The characteristics of the deeds of stock market manipulation are various, changeable. Elements of their consistence are difficult to cognizance. The characteristics of the deeds of stock market manipulation make it difficult to decide if the deeds are lawful. Meanwhile, penal punishments and private civil actions cannot exert their function due to the legal requirements of onus probandi. Therefore, it is necessary to have a supervisory and regulatory entity with professional personnel to supervise and regulate beforehand and betimes.The second issue is actually an in-depth explore of the first issue. Grounded on analysis to the supervisory and regulatory practice in the USA, Hong Kong, Common Wealth and some other countries or distracts, the article holds the opinion that, to realize supervision to the deeds of stock market manipulation, the special entity shall be granted comparatively abroad and flexible power to stipulate regulatory rules and executory power that can provide regulators system and means to exert its professional supervision beforehand and its regulation in time.Based on the above construe, with a view of the status in quo in our country, the article concludes on possible, approaches and ways for our country to consummate our supervision and regulation of stock market manipulation. The stock market manipulation in our country faces commonness with other countries and districts, therefore, it is emphasized the functions of supervisory entity and its specialists in the supervision and regulation of stock market manipulation. Moreover, as an emerging market in transitional economics, our stock market possesses different characteristics. Functional system besides the "regulatory entity", such as civil action system, shall not be ignored.