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1、股市中操纵市场行为及防范的法律对策ThelegalcountermeasuresofmarketmanipulationandpreventioninthestockmarketByzhangChenyingFirst,marketbehaviorshouldberegulatedbylawManipulationofthesecuritiesmarketreferstoaprofitorreducethelossforthepurposeoffakeofthesecuritiesmarket,securitiesinvestmenttodra
2、wotherstomakemistakes,oruseoftheadvantagesofthecapital,informationandconvenientwork,manipulstionofthesecuritiesmarketprices・ThecaseformanipulatingmarketbehaviourdatesbacktoEnglandin1814.Wantedsomeoneusingthecoalitionpsychologyofaswiftendtothewaragainstnapoleon,successivelytw
3、oservicemantoresidentsannouncedthatnapoleonwaskilled,thenewsofthealliedoccupationofParis,thesharepricesoaring,andfinallyfoundafewpeopleconspiredtospreadingrumors,cheatingthepublic,whilesharepricestoselltheirsharestoobtaininterest・"Interimmeasuresforprohibitingsecuritiesfraud
4、"tomaketheperformaneeofmarketmanipulationLieJuXingrules:1.Throughpricecollusionorcentralizedcapitalmanipulationofthesecuritiesmarket:Toinfluencetheissuanceofsecuritiesbymeansofspreadingrumors:Tocolludewithotherpeopleinordertomakethefalsepriceofsecurities,tocarryoutthefalsepu
5、rchaseofsecuritiesownership;Sellingorsellingsecuritiesthatarenotownedbythecompanyanddisturbingtheorderofthesecuritiesmarket;Totradeinaceriainfonnofsecuritiesinordertoraiseorlowerthepriceofasecuritiestransaction;Toartificiallydepressorinflatethepriceofsecuritiesbyusingtheconv
6、enienceoftheposition;Otherpracticesthatmanipulatemarkets・Marketmanipulationbehaviorfortheoperatortouseitscapital,information,suchasastrongspecialstatusadvantageartificiallycontrolledvolumeandthetransactionpriceinthesecuritiesmarket,toobtainhugeprofits・Theextentofthedamageisw
7、ideandwide:Firstofall,theimpositionofartificialfactormarketmanipulation,broketheequilibriumofmarketsupplyanddemand,distortthemarketnormalprice,makesthefreemarketcan'treallycarryoutefficiencyprinciple,istheoneinducingtheinefficiencyofresourceallocation,inevitablyledtothe"lowe
8、fficiency"、ThecaseoftheUnitedStatesofAmericav.beluansky.BeiLuYanginthecase,