德国市场操纵证明之研究  

On Market Manipulation Proof in Germany

作　　者：高基生[1] 

机构地区：[1]深圳证券交易所,广东深圳518010

出　　处：《证券市场导报》2005年第8期55-62,共8页Securities Market Herald

摘　　要：市场操纵是证券市场主要违法类型之一,是证券监管机关重点打击的对象之一。证明是连接操纵行为事实与法律责任的核心环节,在执法实践中具有极其重要的意义。本文以德国相关法律、法规命令和判例为基础,从行政执法层面对德国的行政证据制度和市场操纵的证明机制进行了深入研究,总结提炼出德国市场操纵证明的一般原则和主要特点,以期为我国证券执法提供有益借鉴。Market manipulation, as one of major market abuses, ranks among the top targets of securities regulators worldwide. Evidence collection links manipulation to its legal obligations and proves vital to enforcement. This paper looks into relevant laws, rules and court cases and comes up with the general principles and characteristics of market manipulation in Germany based on an in-depth study of administrative evidence system and market manipulation proof system in the country.

关 键 词：德国 证券市场 证券监管机关 市场操纵 行政证据制度 

分 类 号：F831.51[经济管理—金融学]