w88 casino
Ding Ding: Establish a protection association to protect the rights and interests of small and medium-sized shareholders
(Author Du Yawen Time2010-05-09 23:55Source)
China Securities News·China Securities Network
Ding Ding, deputy dean and professor of the Law w88 casino of the w88 casino, proposed that the construction of the security mechanism for the GEM market can be accelerated from four aspects to provide as comprehensive protection as possible for small and medium-sized investors.
First, establish an investor rights protection fund system. Currently, there are securities investor protection fund companies in my country's securities market designed to address the risks of securities companies being placed in custody, taken over, closed down, or bankrupt. However, in addition to these risks, investors also face the risk of being harmed by false statements, insider trading, and market manipulation. Therefore, an investor rights protection fund system can be established for individual investor claims to compensate victims of misrepresentation, insider trading and market manipulation. At the same time, the fund can also be used to compensate injured investors when listed companies go bankrupt due to illegal acts.
Secondly, set up a special investor protection association to safeguard the rights and interests of small and medium-sized investors. Establish smooth communication channels between securities investors and securities regulatory authorities, self-regulatory organizations and intermediaries, provide consultation on participating in company management, legal administration and rights protection, and provide organizational and cost assistance when investors seek relief when their rights and interests are infringed.
Once again, improve the securities civil litigation system. According to statistics, from1996New Year's Eve200511045_110740.4%, while the number of listed companies that were sued in the mature U.S. capital market during the same period accounted for approximately 10% of the total number of listed companies24%. It is mainly due to the imperfection of my country's civil litigation system for securities disputes that hinders investors from seeking judicial relief. Finally, the arbitration system for securities civil disputes should also be actively developed.
