How do investors defend their rights against false statements?

From the development of domestic and foreign securities markets, the protection of shareholders' rights against false statements of listed companies is the key content of shareholders' rights protection in the securities market. If a listed company makes false statements in the process of information disclosure, investors may bring a lawsuit against the listed company and other responsible persons to demand compensation for losses. Before 2003, there was no channel for investors to claim civil compensation for losses caused by false statements, and the court did not accept such cases. It was not until June 5438+1October 9, 2003 that the Supreme People's Court issued the judicial interpretation of "Several Provisions on the Trial of Civil Compensation Cases Caused by False Statements in the Securities Market" that investors began to file civil compensation lawsuits against false statements.

Investors should pay attention to lawsuits caused by false statements;

(1) There are preconditions for the prosecution of such cases. The condition is that the perpetrator is subject to administrative punishment by the China Securities Regulatory Commission or its dispatched institutions or other relevant administrative organs for false statements, or the perpetrator is made an effective criminal judgment by the court for being guilty.

(2) The premise of misrepresentation infringement is that there is a causal relationship between the infringement and the damaged result. According to the regulations, infringement must meet the following three conditions at the same time: (1) investors invest in securities directly related to false statements; (2) Investors buy the securities on and after the implementation date of the false statement and before the disclosure date or correction date; (3) On or after the disclosure date or correction date of the false statement, the investor suffers losses due to selling the securities or continuing to hold the securities.

This article does not constitute any investment advice, because policy issues are time-sensitive. For relevant answers, please refer to the latest content released by official website.