Case Study Of Insider Trading Administrative Punishment

Securities market is an inevitable product of market economy development to a certain stage and is also a vital component of market economy.The healthy and stable development of securities market has direct impact on the entire national economy.Therefore,governments in the whole world are working on strengthening the supervision of securities market.Insider trading,one of the major crimes among securities market,is always the main target of each government around the world.In China,the administrative penalty by China Securities Regulatory Commission(CSRC)plays the crucial part.Hundreds of insider trading cases have been punished by CSRC from 1993 to 2016,which has effectively exerted itsrole on the fighting against insider trading and building stable and standardized securities market while some problems to be solved still exist.On the basis of the written decisions of CSRC,this paper is divided into three parts: the first part summarizes the general situation of penalties of CSRC for insider trading cases;the second part is an analysis of constitutive elements of insider trading on the basis ofCSRC'snotices of its penalty decision;the third part proposes some suggestion for on the basis ofCSRC'sfuturemanagement on insider trading.The second part will be paid more emphasis with theories and typical cases combined,and comparison between regulations of China and of other countries added.This paper is aimed to give some good advice on future management by analyzing insider trading cases punished by CSRC while appreciating the contribution CSRC has done to supervise insider trading.