have an account?【sign in】Securities Market Manipulation Laws: Understanding and Combating Securities Market Manipulation
barthauthorSecurities market manipulation is a serious violation of market regulations that affects the integrity of the market and the confidence of investors. It refers to the intentional and fraudulent manipulation of the price of securities through various means, such as false information, front running, and collusion. In order to protect the interests of investors and maintain the stability of the market, various countries have formulated related laws and regulations to crack down on securities market manipulation. This article will discuss the concept, features, and measures of securities market manipulation laws, as well as the challenges faced by the regulatory authorities.
1. The concept and features of securities market manipulation
Securities market manipulation refers to the intentional manipulation of the price of securities through various means, such as false information, front running, and collusion. It has a significant impact on the integrity of the market and the confidence of investors. Securities market manipulation can be classified into two types: illegal transactions and market manipulation by information. The former refers to the intentional purchase or sale of securities through various means to artificially raise or lower the price of securities, while the latter refers to the intentional release of false or misleading information to manipulate the price of securities.
2. Laws and regulations for combating securities market manipulation
Various countries have formulated related laws and regulations to crack down on securities market manipulation. In the United States, the Securities and Exchange Commission (SEC) has the power to investigate and punish securities manipulation. The SEC can conduct an investigation after receiving a complaint or on its own initiative, and if it finds that a violation of the securities law has occurred, it will take corresponding legal measures, such as issuing an order, fines, and even suspend or revoke the license of the offending party.
In the United Kingdom, the Financial Conduct Authority (FCA) is responsible for regulating the securities market. The FCA can conduct investigations and take corresponding legal measures after finding violations of the securities law.
In China, the China Securities Regulatory Commission (CSRC) is responsible for regulating the securities market. The CSRC can conduct investigations and take corresponding legal measures after finding violations of the securities law.
3. Challenges faced by regulatory authorities in combating securities market manipulation
(1) High difficulty in evidence collection: securities market manipulation usually involves a large number of transactions and complex transactions, which makes it difficult for regulatory authorities to collect evidence and prove the occurrence of manipulation.
(2) Difficulty in evidence preservation: securities transactions are usually done through electronic trading, which means that there is no physical evidence. This makes it difficult for regulatory authorities to preserve evidence and ensure its authenticity.
(3) Difficulty in evidence transfer: due to the complex transaction process and the presence of multiple parties, it is difficult for regulatory authorities to transfer evidence to other parties, which may affect the credibility of evidence.
(4) Difficulty in evidence translation: due to the differences in trading systems and rules between countries, it is difficult for regulatory authorities to translate evidence and provide it to other parties.
Securities market manipulation is a serious violation of market regulations, which has a significant impact on the integrity of the market and the confidence of investors. Various countries have formulated related laws and regulations to combat securities market manipulation. However, the regulatory authorities still face various challenges in the process of evidence collection and proof of securities market manipulation. In the future, the regulatory authorities should continue to improve their capabilities and techniques to better combat securities market manipulation and protect the interests of investors.