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This paper attempts to outline the theoretical basis of securities market regulation, to describe some actual problems, and to propose some improvements. It provides conceptual and ideological remedies for application at the local level through analyzing existing theories on securities market regulation at a global scale, and through considering chronic issues that plague the modern securities market. The structure of the paper is as follows: first, there is a discussion on the necessity and importance of securities market regulation theory with the aim of determining the actual need for legal regulation. Then an overview follows on the basic theories that directly relate to securities market regulation. And, lastly, there is a review of the main problems of modern securities markets accompanied by proposals aimed at addressing those problems. |
