查詢結果分析
來源資料
頁籤選單縮合
題 名 | 公開說明書不實記載之民事責任=The Critical Issues on False Prospectus Statements: Securities Fraud and Civil Liability |
---|---|
作 者 | 王志誠; | 書刊名 | 政大法學評論 |
卷 期 | 82 2004.12[民93.12] |
頁 次 | 頁91-157 |
分類號 | 563.54 |
關鍵詞 | 發行市場; 流通市場; 公開說明書; 公開招募說明書; 發行人; 公開發行; 承銷商; 證券詐欺; Primary market; Secondary market; Prospectus; Registration statement; Issuer; Public offering; Underwriter; Securities fraud; |
語 文 | 中文(Chinese) |
中文摘要 | 我國換券交易法對於公開說明書應記載之主要內容,有虛偽或隱匿之情事者,雖設有民事責任及刑事責任之規定,但從法律實踐來觀察,投資人依證券交易法第三十二條請求損害賠償勝訴之案例,極為罕見,不禁令人質疑證券交易法第三十二條是否能發揮其規範功能。本文擬先就發行市場之證券詐欺行為,介紹美國、日本及我國現行法制所採取之基本規範架構,作為檢討我國證券交易法第三十二條所生相關問題之基礎。其次,除探討我國證券交易法第三十二條所規定之責任構造,以指出目前之爭議問題外,並期能借重美國及日本之法制經驗,謀求解決之道。再者,觀諸現行證券管理法令,收購人或發行人亦應製作公開收購之公開招募說明書、上市公開說明書、上櫃公開招募說明書、補辦公開之公開發行說明書或再次發行之公開招募說明書,其是否皆有證券交易法第三十二條之適用,亦為應予澄清之問題。另外,由於在司法實務上,投資人或證券暨期貨交易人保護基金會於起訴請求發行人及相關人員賠償時,通常皆同時援引證券交易法第二十條,第三十二條及民法第一百八十四等規定,作為請求權基礎,因此證券交易法第三十二條是否與其他相關規定在適用上有所競合,亦為本文討論之重點。最後,則提出本文之結論。 |
英文摘要 | Section 30 of the Securities and Exchange Law requires issuers to register securities with the Securities and Exchange Commission prior to offering such securities to the public by filing a prospectus, and Section 32 of the Securities and Exchange Law affords a remedy to civil litigants for materially false statements or omissions in a prospectus. The initial question is why is it difficult in practice for an investor filing a suit against the person who prepared or signed the prospectus. Part II of this Article introduces Section 32 of the Security Exchange Law and the possible defendants within its reach. Next, this Article will address the contents of anti-securities fraud regulation in the United States and Japan. Part III will discuss the liability structure under Section 32 of the Securities and Exchange Law, and posit the critical issues. In addition, this Article will utilize a comparative analysis in an attempt to explain the critical issues. Part IV of this Article will analyze the definition of prospectus under Section 32 of the Securities and Exchange Law and discuss whether the other statements under the Securities and Exchange Law are properly within the scope of Section 32 liability. Finally, Part V of this Article arrives at the conclusion that the definition of prospectus under Section 32 of the Securities and Exchange Law appears misappropriate, and the Section 32 liability should be more broadly explained to include the other statements prepared and certified by the issuers, directors, officers, underwriters, accountants, lawyers, or any other professionals. |
本系統中英文摘要資訊取自各篇刊載內容。