美国证券法的默示民事责任对我国的借鉴作用

美国证券法的默示民事责任是指法律没有明确规定,但法官可以根据证券法的立法意图和基本原则而给予当事人民事诉权的民事责任。笔者阐述了美国证券法的默示民事责任产生的原因、理论依据及条件,同时分析了我国证券民事责任的缺点,提出了借鉴美国的默示民事责任来完善我国证券民事责任的方案。

The Implied Civil Liability of Securities Law in U.S. and its Reference for China

The implied civil liability of securities law in America is the liability that is produced by the judges who give the party the litigious right which is not expressly provide, according to the principle and the purpose of securities law. The article states the causes, theory basis and conditions of the implied civil liability of securities law in America. It also analyzes the drawbacks of civil liability of securities law in China and makes a proposal that China can learn some lessons from America.