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抢帽子交易在市场上日益增多,对抢帽子交易背后的证券市场犯罪却缺乏明确的刑法规定与判刑标准。结合汪建中等案例的分析发现,抢帽子交易虽不属于价量操纵,但其实质符合资本操纵机理,属于证券、期货市场操纵犯罪。其他国家对抢帽子交易的入罪标准对我国有启示与借鉴作用,我国应根据国内市场具体情况,将抢帽子交易纳入兜底条款中,从严把握其犯罪性质,不同情况采取不同量刑措施,并完善刑法和证券法,调整对证券分析人员的投资限制,以维护市场与经济稳定。
The market for grabbing hats has been increasing day by day. There is no clear criminal law nor the sentencing standards for the crime in the securities market behind the preempted hat trade. Combined Wang Jianzhong case analysis found that grab hat trading, though not part of the price control, but its essence in line with the capital control mechanism, belonging to the securities and futures markets to manipulate crime. In other countries, the standards of criminalization of grabbing hat transactions have enlightenment and reference for our country. Our country should incorporate the grabbing of hat transactions into all the provisions according to the specific conditions in the domestic market, strictly control the criminal nature and take different sentencing measures in different situations, and Improve the criminal law and securities law, adjust investment restrictions on securities analysts in order to maintain market and economic stability.