評析我國證券交易法內線交易之規範—以美國立法例為借鏡

郭添賢(Tien-Hsien Kuo)

指導教授 ： 鄭有為

國立中央大學/管理學院/產業經濟研究所碩士在職專班/碩士(2006年)

摘要

我國對於內線交易之防治向來不遺餘力，惟成果似乎仍為有限，內線交易問題依舊層出不窮，近來發生的台開乙案更為國人所關注，而美國基於百年來健全的立法規範及實務判例，早已成為世界上內線交易防制最為完善之國家並成為許多國家立法的重要參考依據。本文試透過討論美國內線交易之立法例，來比較分析我國目前內線交易的防制現況。本論文共分九章
第一章 緒論
第二章 內線交易之相關論點
第三章 內線交易理論基礎
第四章 美國內線交易相關規範
第五章 我國內線交易相關規範(1)
第六章 我國內線交易相關規範(2)
第七章 公司治理
第八章 我國內線交易案例分析
第九章 結論與建議
筆者希望透過本篇論文之撰述，俾供未來相關內線交易立法修訂之參考，期能降低我國內線交易之發生，保障投資大眾之權益並健全我國證券市場交易之公平性，提升我國資本市場對企業之吸引力及競爭力，進而帶動整體金融經濟之發展。

關鍵字

內線交易 ； 證券交易法 ； 公司治理

並列摘要

The prevention of the insider trading of our country always does its’utmost, but the achievement seems still limited and the situation of the insider trading carry on as an endless stream. Especially the recently Tdtc case was concerned by all of Taiwanese. U.S.A. is the comprehensive basis of the legislative norm and also preserves practical cases of the legislation over 100 years, making it becomes the most perfect country in the world for defending the insider trading and also turn it into an important legislative reference bases by other countries.
This article tries to discuss by going through the practical legislation examples of American insider trading to analyze and compare with current situation of insider trading in Taiwan. This article divides into nine chapters as following:
ChapterⅠ Introduction
ChapterⅡ Relevant arguments of the insider
trading
ChapterⅢ The theories basis of the insider
trading
ChapterⅣ Relevant regulations of American
insider trading
ChapterⅤ Relevant regulations of insider trading
in Taiwan(1)
ChapterⅥ Relevant regulations of insider trading
in Taiwan(2)
ChapterⅦ Corporations Governance
ChapterⅧ The practical cases analysis of insider
trading in Taiwan
ChapterⅨ Conclusion and suggestion
The author hopes that this article will be the modification reference of future legislation, and not only reduces the occurrences of the insider trading in Taiwan, but also protects the human right for public investment to improve the fairness of stock marketing in Taiwan, and to increases the attraction and competitiveness of enterprises in capital market, and to drive the financial development of the entire economy entity in Taiwan.

並列關鍵字

insider trading ； the laws of stock exchange ； corporation governance

參考文獻

10.行政院金管會證期局，「我國公司治理制度簡介」，

8.蘇秀玲，「我國歸入權制度之檢討與建議」，

22.林繼耀，「資訊公平揭露與終結內線交易-試論美國證

1.Carlton,Dennis W.and Fische,Daniel R,The Regulation of Insider Trading Stanford Law Review,35(1983).

2.Jonathan R.Macey,Insider Trading:Economics,