证券争议:两种法律解决途径的比较分析

新兴加转轨的中国证券市场中,披露虚假信息、内幕交易、非法关联交易、操纵市场等欺诈行为猖獗,由此产生了大量的证券争议.证券争议法律解决途径主要有证券侵权民事赔偿诉讼以及证券纠纷仲裁制度.笔者认为,中国目前有关证券侵权赔偿的司法救济途径存在较多问题,应当在司法解决途径之外,考虑借鉴美国的证券仲裁制度,在中国大力推广非诉的争议解决方式--仲裁.

A Comparative Analysis on the Two Ways to Settle Securities Disputes Through Legal Action

In China's securities market, large numbers of disputes arise from the rampant windlings such as disclosure of false information, insider dealing, unlawful related transaction, manipulation and so on. To settle the disputes, there are two ways: judicial proceedings for securities tort liability and judicial arbitration for securities disputes. The author of this article is of an opinion that there are quite a few problems with the judicial remedy for securities tort liability, and great efforts should, therefore, be made to popularize the arbitration, a non-judicial settlement across China.