The Research On The Legal Protection Of Individual Investors In Internet Non-public Equity Financing

With the progress of Internet information technology, financial products and services are increasingly diversified, financial operation become more standardize, and the investors group will gradually enlarge.But we should care that the weak position of individual investors in the Internet financial investment is not changed, on the contrary, legal risks and problems they will face is growing.As for the Internet finance, Internet non-public equity financing is a new financing model compared to the equity-based crowdfunding, private placement as its nature decides that investors in Internet non-public equity financing will face more problems. However, its characteristics determine that people will pay more attention to investors protection because of the flaw of legislative, administrative, relief ineffective and so on. Building a sound legal mechanism to protect investors is especially important.This paper is divided into four parts:The first part introduces the basic content of Internet non-public equity financing and the concept of individual investors. First of all, this part introduces three models of Internet non-public equity financing, to study the legality of this mode; And then analyze the concept of individual investors in Internet non-public equity financing, leads to the problems of individual investors legal protection under this mode.The second part is to study the status of individual investors legal protection in Internet non-public equity financing. First of all, this part starts with three perspectives of Internet non-public equity financing, includes that the legislative framework, regulators and the judicial process; Secondly, through research on our thirty Internet non-public equity financing platform, summarizes the current measures of of individual investors legal protection under Internet non-public equity financing; And finally, through the existing institutional and individual investors empirical study concluds the current problems of individual investors legal protection under this mode, to guide to study the security system.The third part is legal risks faced by individual investors in Internet non-public equity financing.This section combined with the problem identified, analyzed that individual investors may face four areas legal risk in the investment process, these are fraud, leakage of personal information, financial loss and equity dispute quit, to pave the way for improving part below.The fourth part studys a specific institution improvement of individual investors legal protection under Internet non-public equity financing. In this section, on the basis of learning from our reality, considering many existing problems, discusses on the legal system construction of individual investors legal protection in Internet non-public equity financing, from six aspects include the system of main parts access, privacy protection syetem, financial security protection syetem, a third-party invest management system and so on, and truly implements special protection for individual investors.