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SCIENTIFIC - PRACTICAL JOURNAL "HERALD OF CRIMINAL JUSTICE"

Criminal responsibility for non-typical forms of attacks in the stock market by foreign law

Criminal responsibility for non-typical forms of attacks in the stock market by foreign law

Author: R. Volynets
Pages: 90-97
Year: 2018
Location: Pravova Ednist Ltd
Дата публікації: 20.04.2018

Keywords

securities, stock market, non-typical forms, foreign countries, criminal legislation.

Review

The article analyzes the non-typical forms of encroachments on the stock market, which are foreseen by the criminal legislation of foreign countries. The author refers to such non-typical encroachments: influence on price setting of securities; use of false and false information to influence the price setting of securities; abduction, destruction and damage to other securities; import of prefake securities; illegal export of securities abroad; illegal actions with simple and transferable bills; use of genuine or counterfeit securities for committing other crimes; failure to transfer funds to issuers of securities; violation of the rights of participants in securities collections.

To distinguish these non-typical forms, criminal law is analyzed in the Netherlands, Denmark, Germany, Poland, Switzerland, Sweden, Spain, Bulgaria, Uzbekistan, Azerbaijan, Kazakhstan, Georgia, Belarus, Latvia, Estonia, Japan, China, Russia, Serbia, Tunisia.

The formulated conclusions determine non-typical forms of encroachments on the stock market, their correlation among themselves, the significance for the content of these forms of properties of the stock market and legal constructions. It is substantiated that the non-typical forms of encroachments reflect the essential, most common characteristics of the attack and the damage it inflicted on the «work» of the stock market of any country (or most of the countries with a similar stock market system).

It is determined that the non-typical refer to the violation of the following phases of the «work» of the stock market: associated with the exercise of the powers of the stock market participants, depending on the form of the security (forgery, use, sale of deliberately fake securities); associated with the process of issue (issue) of securities, their introduction into circulation and circulation; use of insider information in the process of issue (issue) and circulation of securities.

References

  1. 1. Kryminalʹnyy kodeks Shveytsariyi [Criminal code of Switzerland] (Yurydychnyy tsentr Press 2002) 350 (in Ukrainian).
  2. Stanich V S, Kryminalʹnyy kodeks korolivstva Ispaniya [A criminal code of kingdom is Spain] (OVK 2016) 284 (in Ukrainian).
  3. Stanich V S, Kryminalʹnyy kodeks Tunisʹkoyi Respublyky [Criminal code of the Tunisian republic] (OVK 2016) 104 (in Ukrainian).
  4. Stanich V S, Kryminalʹnyy kodeks Azerbaydzhansʹkoyi Respublyky, Kryminalʹnyy kodeks Respublyky Kazakhstan [Criminal code of the Azerbaijanian republic, Criminal code of republic of Kazakhstan] (OVK, 2016) 490 (in Ukrainian).
  5. Kryminalʹnyy kodeks Hruziyi [Criminal code of Georgia] data obrashchenyia 20.02.2018 (in Russian).
  6. Kryminalʹnyy kodeks Hollandiyi [Criminal code of Holland] (Yurydychnyy tsentr Press 2001) 510 (in Russian).
  7. Kryminalʹnyy kodeks Latviysʹkoyi Respubliky [Criminal code of the Latvian republic] (Yurydychnyy tsentr Press 2001) 313 (in Russian).
  8. Karnyi kodeks Respublyky Polʹshcha [Criminal code of republic of Poland] (VAITE2015) 172 (in Ukrainian).
  9. Kryminalʹnyy kodeks Respubliky Bilorus [Criminal code of republic of Belarus] data obrashchenyia 20.02.2018 (in Russian).
  10. Kryminalʹnyy kodeks Shvetsiyi [Criminal code of Sweden] (Yurydychnyy tsentr Press 2001) 320 (in Russian).
  11. Karne zakonodavstvo FRN. Zbirka perekladiv [Criminal statute of German federal REPUBLIC. Collection of translations] (VAITE2016) 408 (in Ukrainian).
  12. Kryminalʹnyy kodeks Kytaysʹkoyi Narodnoyi respubliky [Criminal code of the Chinese republic] (Yurydychnyy tsentr Press 2001) 303. (in Russian).
  13. Penitentsiarnyy kodeks Estoniyi [The penitentiary code of Estonia] data obrashchenyia 20.02.2018 (in Russian).
  14. Kryminalʹnyy kodeks RF [Criminal Code of the Russian Federation] data obrashchenyia 20.02.2018 (in Russian).

Criminal responsibility for non-typical forms of attacks in the stock market by foreign law

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