On the Drawbacks and Improvement of Legal System of Supervision on Securities Fraud in Cyberspace in China/Les Inconvenients Et L'amelioration Du Systeme Legal De La Surveillance Sur Les Fraudes En Valeurs Mobilieres Dans Le Cyberespace En Chine (Report‪)‬

With the internet securities exchange becoming prevail and popular, securities fraud occurs endlessly. The basic legislation on supervising this kind of fraud is fairly important, especially in China, whose aim is a society governed by the rule of law. Yet China is still on the primary stage of s socialism market economy and relevant legislation and practical experience is insufficient, so comparing and referencing are significant. This article first refers to the practice of United States of America whose market economy is developed, then analyses the current situation of China, so as to put forward a conception which concerns the system of supervision, and, we hope, is beneficial for improvement on supervision on securities fraud in cyberspace in China. 1. UNITED STATES' LEGAL SYSTERM OF SUPERVISIONG ON SECURITIES FRAUD IN CYBERSPACE