民间私募证券投资基金运营中的涉罪问题研究

对于民间私募证券投资基金运作中的危害行为,刑法既要积极干预又要慎重适度。民间私募证券投资基金募集中可能构成的罪名有:非法吸收公众存款罪,集资诈骗罪,组织、领导传销活动罪,擅自设立金融机构罪,伪造、变造、转让金融机构经营许可证、批准文件罪,非法经营罪,虚假广告罪,擅自发行股票、公司企业债券罪,欺诈发行股票、债券罪,虚报注册资本罪,虚假出资、抽逃出资罪;民间私募证券投资基金运作中可能构成的罪名有:内幕交易、泄露内幕信息罪,利用未公开信息交易罪,操纵证券、期货市场罪,编造并传播证券、期货交易虚假信息罪,违规披露、不披露重要信息罪,隐匿、故意销毁会计凭证、会计账簿、财务会计报告罪;民间私募证券投资基金清算中可能构成的罪名是妨害清算罪。

Research on the Crimes of Privately- Offered Funds for Investment in Securities

The intervention of criminal law in privately - offered funds for investment in securities should be active and suitable. The crimes in raising of capital include： crime of illegally taking in deposits from the general public, crime of unlawfully raising funds by means of fraud, crime of forming or leading pyramid selling, crime of establishing a banking institution without authorization, crime of forging, altering or transfering the permit for opera- tion of a banking institution, crimes of illegal business operation, crimes of false advertisement, crime of issuing stocks or corporate or enterprise bonds without authorization, crime of deceitfully issuing stocks or bonds, crime of falsely declaring the capital to be registered, crime of making a false capital contribution or surreptitiously withdra- wing the contributed capital. The crimes in operation include： crime of insider dealing or divulging the inside information, crime of taking advantage of secret information, crime of rigging stock or futures market, crime of fabrica- ting and spreading false information about stock or futures exchange, crime of using trust property against trust, crime of illegally disclosing or concealing important information, crime of concealing or intentionally destroying accounting vouchers, account books or financial and accounting statements. The crime in liquidation is crime of interference with liauidation.