| Summary: | 碩士 === 國立臺北大學 === 法律學系一般生組 === 101 === Due to the increasingly prevalent and popularity of derivative financial instrument, the traditional stock market has gradually expanded to non spot market and futures, gold, source materials and derivative products such as Warrant has been put under the spotlight and has gain much attention under the propaganda of the dealers recently. However, what is the true concept of warrants. Do investors understand its class, habitude, special features risks and its related trading patterns? Do existing laws provide comprehensive indemnification? Aside from the realization of problems related to warrants. Security dealers who issue the warrants usually do improper tactics during the process of dealing.
These behaviors not only hinder the investors from their profit under the normal transaction, they also create a huge impact on the fairness of trading market. Therefore, the necessity to search for relevant provisions to protect the investor is required. Rather than to concern from investors’ individual standpoints, the thesis start out form the prospect of protecting the regular investors as a whole. Expecting the trading market of warrants can be more impartial and the whole trading floor can be better and more active.
Use the methods of classifying and analyzing the resources which have been collected. The writer has studied through all the relevant literature and existing laws. With the concept of constructive warrants including, definitions, habitudes, classes, features and functions to conduct the research and accomplish the thesis.
Through introducing the procedures of warrants trading combined with the systematically arrangement of special specification of warrants. This thesis not only provides conducts for investor to follow but also reveals relating safeguard to apply. Finally, the thesis has presented the common illegal trading strategies as references for investors. The writer also searches for appropriate securities and exchange law in order to guarantee the rights and interest of warrants investors. At the same time, the writer has used a more macroscopic point of view to investigate the appropriate warrants trading conditions and the selection and adoption of the law judgment in the courts of our country in short-term trading and insider trading to complete the study of this thesis.
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