内幕交易案件中未清仓股票账面获利的计算  

Calculation of Book Profit on Unliquidated Stock in Insider Trading Cases

作　　者：魏庆凯 Wei Qingkai(Henan University of Economics and Law,Zhengzhou,Henan 450046)

机构地区：[1]河南财经政法大学,河南郑州450046

出　　处：《河南司法警官职业学院学报》2024年第1期63-68,共6页Journal of Henan Judicial Police Vocational College

基　　金：国家社科基金项目“数据刑事合规问题研究”(22BFX064)的阶段性研究成果。

摘　　要：内幕交易案件中违法所得的计算是一个金融与法律的交叉难题。内幕交易案发时,如果涉案股票已全部清仓,以实际获利认定违法所得,未清仓股票的违法所得以账面获利计算。在计算账面获利时,以基准日的股票收盘价为计价依据。在利好消息实现的情况下,如果股票复牌后出现涨跌停,应将复牌后打开涨跌停交易日作为计算的基准日;如果没有出现涨跌停的情况,以复牌日为计算的基准日。未清仓股票的成本根据买入均价法确定。内幕交易期间的股票分红也应计入违法所得。The calculation of illegal income in insider trading cases is a cross problem between finance and law.In the case of insider trading,if all the stocks involved have been cleared,the illegal income is determined by the actual profit,and the illegal profit of the uncleared stocks can be calculated as the book profit.When calculating book profit,the closing price of the stock on the base date is the basis of valuation.In the case of the realization of good news,if the stock has a rise or fall limit after the resumption of trading,the trading day that opens the rise or fall limit after the resumption of trading should be taken as the base day for calculation;If there is no rise or fall limit,the trading resumption date is the base date for calculation.The cost of unliquidated shares is determined using the average purchase price method.Stock dividends during insider trading should also be counted as illegal gains.

关 键 词：内幕交易 违法所得 账面获利 基准日 

分 类 号：DF62[政治法律—刑法学]