The review and analysis of the institutional arrangements of china ' s government bonds repurchase market indicates that the root - cause for government bonds repurchase risk on the stock exchange is the trusteeship and settlement system ; securities dealers are both dealers on the government bonds market and supervisors of other investors , which is the institutional black hole for their repeated misappropriation of clients ' securities 摘要对中国国债回购市场制度安排的回顾和分析表明，证券交易所市场国债回购风险的根源在于?管和结算制度；券商既是国债市场的自营商，又是其他国债投资者的监管者，这是券商屡屡挪用客户债券的制度黑洞。
In relation to violations of articles 19 , 20 , 21 , 22 and 23 of these regulations , involving unauthorised business operations , unauthorised changes to the scope of operations , the embezzlement , misappropriation or illegal purchasing of gold and silver , the state administration for industry and commerce may impose a fine or confiscate the gold and silver 四)违反本条例第十九、二十、二十一、二十二、二十三条规定，未经批准私自经营的，或者擅自改变经营范围的，或者套购、挪用、克扣金银的，由工商行政管理机关处以罚款或者没收。
As for the principle of civil liability attribution for insider trading , the thesis refers to america ' s legal theories and practices , including fiduciary duty , tipper - tippee and misappropriation , and puts forward our nation ' s principle of civil liability attribution for insider trading 之后，涉及内幕交易民事责任的具体归责理论时，本文借鉴和参考了美国相关的三个理论，即信用义务理论、泄露信息理论、私用信用理论，并就我国内幕交易民事责任的归责理论做了归纳和总结。
Now , some investors have sued sd & c because of loss caused by their brokers ’ misappropriation . to answer this question , this dissertation focuses on the legal relations between investors , brokers and sd & c in stock integrate transactions , especially the legal status and risk of investors . the dissertation is divided into six chapters 本文将这些现实问题进行一定的抽象和深化,以投资者为中心对这些市场主体彼此之间的法律关系及其在证券经纪商支付不能情形下产生的主要权益冲突进行分析和论述,进而揭示投资者在整个证券集中交易法律关系结构中的地位与风险,并据此评价该法律关系结构的合理性。
As with many other corporate failures , the collapse of enron in late 2001 involved failures with directors and senior executives , professional advisers and auditors , the misappropriation of company funds and credit frauds . business sector cases investigated by us also reflect a noticeable trend of the increasing involvement of senior executives and professional advisers of companies 二零零一年底enron公司倒闭，是企业管理失败的典型案例，事件揭露enron公司的董事、高层行政人员、专业顾问、核数师均涉嫌滥权失职，部分更被指挪用公司款项和以欺诈手段骗取贷款等。
