Learn Some Lessons From American Securities Civil Liability System

"All the law must have the teeth, the system only then to take the responsibility as the backing the strength in the law. By the legal shape, all realization goal, the objective, the idea, the right all are so. The securities law is not exceptional, if there haven't the consummation feasible securities legal liability to make the safeguard, protecting the investor legitimate rights and interests principle, fair principle, the honest credit principle and so on is voluntary, like a country to lose the army, the police and the jail, which loses its function and the potency equally. Maintaining the stock market order and the safeguard society public interest can become an empty talk. In each kind of legal liability, only then the civil liability has provided the full relief to the victim. The securities civil liability refers to the main body participating securities activity, violating the securities law between the related stipulation or litigant's agreement, causing the losses to the investors, but must undertake the compensation of the civil liability. The vacancy of our country securities civil liability is obvious, the securities civil liability system judicial practice also is during the preliminary exploration.In the present, US is the most developed and perfect country of the securities legislation, has accumulated the quite rich legislation and the experience in the securities civil liability system aspect. American consummation of the securities civil liability system has become the main source of our country correlation system. We should profit by reasonable system, cause it to connect with our country's present reality, and construct a set quite to be perfect, to suit our country national condition of the securities civil liability system. After pondering American correlation question of securities civil liability system, and after the careful analysis of our country securities business, the stock market realistic condition, The author proposes some suggestions to the establishment and the consummation of securities civil liability, to construct our country securities civil liability system from three aspects: securities implied civil liability, the securities...