“老鼠仓”问题法律应对探析

在狭义上界定“老鼠仓”的范围，将导致无法依据《证券法》第43条及第199条的规定对其予以处罚，证监会对两起“老鼠仓”的处罚根据存在瑕疵。《刑法修正案（七）》将“老鼠仓”类犯罪与内幕交易罪加以区分是没有根据的，“老鼠仓”现象本来应属于内幕交易罪的范畴，因此，当下应对“老鼠仓”问题的最佳法律对策应为增设普通背信罪，以规制“老鼠仓”及类似违法现象。在条件允许后，通过扩充《证券法》中内幕信息的范围，最终将“老鼠仓”类犯罪纳入内幕交易罪中。

Probing into the Legal Solutions of "Mouse Storehouse"

If we set a narrow boundary for the definition of ＂mouse storehouse＂, we can not punish it according to Article 43 and Article 199 of Securities Law of the People＇s Republic of China. There are flaws in the punishment to two cases of ＂mouse storehouse＂ by China Securities Regulatory Commission. Amendment VII to the Criminal Law of the People ＂s Republic of China distinguishes crimes of ＂ mouse storehouse＂ from crimes of insider trading, which is groundless, since ＂mouse storehouse＂ belongs to the category of insider trading. Currently, the best legal solution to the problems of ＂mouse storehouse＂ should be the legislation of crimes of common breach of trust to control ＂mouse storehouse＂ and similar violation of laws. When conditions permit, the scope of inside information in Securities Law should be expanded so as to incorporate ＂ mouse storehouse＂ into crimes of insider trading.