美國聯邦證券法律：簡介

      美國規範證券市場的法規，除聯邦制定的相關規定外，還有各州訂定的證券法令。此外各證券交易所以及證券市場自律組織的規章，在法規領域亦具重大意義。

立法背景

      美國聯邦政府於1933年前對證券市場的管理法規尚未完備，當時證券市場的管理主要受各州民、刑事法規及各證券交易所的自律規章所規範。此後於1929至1933年間，股價暴跌約85%以上。因股市崩盤過程中，諸多舞弊情事造成重大損失，引起投資大眾極度不安，因此要求控制證券市場的呼聲日起。為重建投資人對證券市場的信心，政府對證券市場的操縱活動進行全面的調查，並於1933年、1934年分別制定“1933年證券法”及”1934年證券交易法”。制定該法目的為：第一， 要求公開向大眾募資的公司， 需向投資人真實反映其營業狀況、其股份出售的情形及投資風險；第二，公平對待每位股東，且以投資人的利益為首要考慮目標。

聯邦證券法律

Securities Act of 1933

1933年證券法

Securities Exchange Act of 1934

1934年證券交易法

Trust Indenture Act of 1939

1939年信託契約法

Investment Company Act of 1940

1940年投資公司法

Investment Advisers Act of 1940

1940年投資顧問法

Sarbanes-Oxley Act of 2002

薩班斯·奧克斯利法案

Dodd-Frank Wall Street Reform and ConsumerProtection Act of 2010

2010年多德-弗蘭克華爾街改革和消費者保護法

Jumpstart Our Business Startups Act of 2012

2012年JOBS“約伯斯”法案

Securities and Exchange Commission Rules and Regulations

Part 200 Organization: Conduct and Ethics; and Information and Requests

Part 201 Rules of Practice

Part 202 Informal and Other Procedures

Part 203 Rules Relating to Investigations

Part 204 Rules Relating to Debt Collection

Part 205 Standards of Professional Conduct for Attorneys Appearing and Practicing Before the

Commission in the Representation of an issuer

Part 209 Forms Prescribed under theCommission’s Rules of Practice

Part 210 Form and Content of andRequirements for Financial Statements, Securities Act of 1933,

Securities Exchange Act of 1934, PublicUtility Holding Company Act of 1935, Investment

Company Act of 1940, Investment Advisers Act of 1940, and Energy Policy and Conservation

Act of 1975

Part 211 Index of Interpretations Relating to Financial Reporting Matters

Part 227 Rules Governing CrowdfundingOfferings of up to $1 million

Part 229 Standard Instructions for FilingForms Under Securities Act of 1933. Securities Exchange Act of 1934 and EnergyPolicy and Conservation Act of 1975? Regulation S-K

SecuritiesAct of 1933

Part 230 General Rules and Regulations

Part 231 Index of Interpretive Releases

Part 232 Regulation S-T General Rules and regulations for Electronic Filings

Part 239 e-CFR Forms Listing

Trust Indenture Act of 1939

Part 260 General Rules and Regulations

Part 261 Index of Interpretive Releases

Part 269 e-CFR Forms Listing

SecuritiesExchange Act of 1934

Part 240 General Rules and Regulations

Part 241 Index of Interpretive Releases

Part 242 Regulations M, SHO, ATS. AC, and NMS and Customer Margin Requirements for Security Futures

Part 243 Regulation FD

Part 244 Regulation G

Part 245 Regulation Blackout TradingRestriction (Regulation BTR? Blackout Trading Restriction)

Part 247 Regulation R - Exemptions and Definitions Related to the Exceptions for Banks from the Definition of Broker

Part 248 Regulation S-P: Privacy of Consumer Financial Information

Part 249 e-CFR Forms Listing

Part 249B Further Forms. SecuritiesExchange Act of 1934

Part 255 Proprietary Trading and CertainInterests in and Relationships with Covered Funds

Investment Company Act of 1940

Part 270 General Rules and Regulations

Part 271 Index of Interpretive Releases

Part 274 e-CFR Forms Listing

Investment Advisers Act of 1940

Part 275 General Rules and Regulations

Part 276 Index of Interpretive Releases

Part 274 e-CFR Forms Listing

Investment Advisers Act of 1940

Part 275 General Rules and Regulations

Part 276 Index of Interpretive Releases

Part 279 e-CFR Forms Listing

Securities Investor Protection Corporation

Part 300 General Rules and Regulations

Part 301 e-CFR Forms Listing