자본시장법상 부정거래금지에 관한 소고 －‘부정한 수단, 계획, 기교’와 ‘위계’를 중심으로－
A Study on the ‘Fraudulent Scheme' and ‘Unfair Scheme' of The Capital Market and Financial Investment Business Act
0
조회
0
다운로드
11
인용
0
참고문헌
키워드
초록
Capital Market and Financial Investment Business Act(CMFIB) §178-1-(1) prohibits “to employ any unfair device, scheme or artifice in connection with the trade and other transaction of financial investment product.” It can be distinguish from U.S. Securities Exchange Act 10(b) and Securities Exchange Commission Rule 10b-5. 10b-5 prohibits deceptive device or contrivance. It is anti-fraud provision. CMFIB §178-1-(2) and §178-2 are the same as that. There is controversy about the "unfair device, scheme, artifice" and "fraudulent scheme". 'Unfair' means to employ any unlawful device or contrivance in connection with transaction of financial investment product. 'Fraudulent scheme' is to use any schemee to defraud. They can be inter- preted broadly. Therefore, it should be considered whether it should apply. CMFIB §178 is a catch-all provision, to deal with abuse that escaped the specific prohibitions of CMFIB §174(insider trading) and 176(manipulative act). Specifically, this paper examines a standard to judgment with several cases.
Abstract
Capital Market and Financial Investment Business Act(CMFIB) §178-1-(1) prohibits “to employ any unfair device, scheme or artifice in connection with the trade and other transaction of financial investment product.” It can be distinguish from U.S. Securities Exchange Act 10(b) and Securities Exchange Commission Rule 10b-5. 10b-5 prohibits deceptive device or contrivance. It is anti-fraud provision. CMFIB §178-1-(2) and §178-2 are the same as that. There is controversy about the "unfair device, scheme, artifice" and "fraudulent scheme". 'Unfair' means to employ any unlawful device or contrivance in connection with transaction of financial investment product. 'Fraudulent scheme' is to use any schemee to defraud. They can be inter- preted broadly. Therefore, it should be considered whether it should apply. CMFIB §178 is a catch-all provision, to deal with abuse that escaped the specific prohibitions of CMFIB §174(insider trading) and 176(manipulative act). Specifically, this paper examines a standard to judgment with several cases.
참고문헌 (18)
- 김건식, "자본시장법 2판" (2010), 두성사
- 김민교, "구 증권거래법상의 위계 및 자본시장법의 부정거래행위 규정에 대한 연구", KRX market (2009)
- 김성수, "시세조종규제의 이론과 실제", 증권거래소 (2001), 주식
- 김학석, "금융투자상품의 부정거래행위에 관한 연구", 박사, pp.2010
- 박승배, "불공정거래행위로 인한 손해배상책임에 관한 연구", 박사, pp.2010
- 성희활, "사기적 부정거래에서 ＂위계＂의 적용문제", 증권법연구, 8(1), pp.51~85 (2007), 한국증권법학회
- 임재연, "자본시장법" (2010), 박영사
- 자본시장 불공정거래 판례분석, "자본시장조사본부", 금융감독원, ~ (2009)
- 장영민, "증권범죄의 현황과 형법적 대응", 형사정책연구, 6(2) (1995)
- 채동헌, "증권거래법상 부당한 이득을 얻기 위한 사기적 부정거래의 성립 여부", 상장 (2009)
- 최승재, "자본시장법 제178조 제1항 제1호에 대한 연구", 금융법연구, 6(2), pp.3~46 (2009), 한국금융법학회
- 최영익, "증권거래법 제188조의4 제4항의 위계의 적용", BFL, (25) (2007)
- 심영, (2009), 박영사
- 川村正幸, "金融商品取引法" (2009), 中央經濟社
- 日野正晴, "詳解 金融商品取引法" (2009), 中央經濟社
- Alan R. Palmiter, "Securities Regulation Examples & Explanations" (2008), Wolters Kluwer
- Choi, Stephen J, "Securities Regulation" (2008), Aspen Publishers
- Daniel A. Mclaughlin, "Liability under rules 10b-5(a)&(c)", Delaware Journal of Corporate Law, pp.631~ (2006)