Analysis Of FSL Securities Misrepresentation Civil Liability Case

Gradual development of Chinese securities market has promoted the rapid development of capital market in China. Chinese securities market has financed for listed companies and also satisfied the ordinary investment demand. However, the stock market boom also exist many problems. Due to all kinds of illegal behavior person use of legal and regulatory oversight, there are infringing on lawful rights and interests of investors. Securities misrepresentation is a kind of common crime in recent years. Compared with foreign mature securities laws and regulations of the securities market, the legal system of our country is relatively backward, safeguard the legitimate rights and interests of investors in securities market have become increasingly prominent.Based on the civil liability of misrepresentation in the securities market as the research object, to "major" and "causal relationship" as the focus, focus on the behavior of misrepresentation, false statements of the nature of liability, the implementation date of misrepresentation, expose, benchmark and the calculation method of analysis. Based on expounding the current our country the false statement of securities related laws and regulations, the focus of controversy with " Foshan lighting misrepresentation case", proposed the existence of the cognizance of the civil compensation liability of the misrepresentation in the process of the problems, and finally put forward the proposals for the false statement of securities civil liability.The body part is divided into three chapters to discuss:The first chapter introduces Foshan lighting Limited by Share Ltd false statement case, the focus of the case:the cognizance of the misrepresentation act, causation and determining misrepresentation implementation date.The second chapter introduces the current laws and regulations related to the listing Corporation in the identification of civil liabilities of misrepresentation in focus, and the focus of controversy in Foshan lighting case legal analysis, summed up the identification of problems and the civil liability of false statement of securities.The third chapter is mainly aimed at the existing problems, puts forward corresponding suggestions and countermeasures from the legalid entification of false statement behavior, perfecting the rules of cause and effect relationships define the scope of compensation and the improvement of information disclosure system.