我國證券交易法及台灣證券交易所相關監視制度，或金融管理監督委員會（民國49年之證券管理委員會）等相關法令，皆經過相當次數及幅度之修改，但證券交易市場之商業行為模式日新月異，尤其是近年來，證券投資顧問行業之興起，以及電視財經名嘴之氾濫，皆使證券交易法中違法操縱股票交易之相關規範處於模糊灰色地帶，證券交易法中第155條1項又多屬行為犯，到底該如何判定行為人之行為是否觸犯證券交易法，其起訴與否之標準、法院裁判違法之依據與定罪率等，與證交所之監視報告異常之有無，應建立相關之連結，方能使我國相關之監視管理單位及法令規範，能夠與時俱進跟上商業行為之改變，並作到真正公平正義之監視與管理，讓股票交易市場能夠運作正常，但同時又能不過度限制股票市場交易行為，以致妨礙經濟市場之自由發展，針對上市公司股票交易之監視報告有無異常，與違法股市操縱之檢方起訴，及法院判決有罪與否其間之關係作進一步分析探討，藉此瞭解，在兼顧股票交易市場金融之秩序及自由經濟商業之行為，是否可以台灣證券交易所之監視報告有無異常，作為國家司法動用刑罰之依據，並針對行為人之行為係違反行政法或刑法作出明白區隔，如此便可兼顧市場秩序與經濟自由，也將過去違法股市操縱行為之起訴率高定罪率低，過度浪費司法資源現象改變。
Taiwan Securities and Exchange Act and related TSEC surveillance system or Related Act of Financial Supervisory Commission (Securities and Exchange Commission of the 49th year of the Republic Era) had been often revised and made magnitude modification; However the commercial behavior of the securities market are ever changing. Especially in recent years, the rise of securities investment and consulting industry, as well as the proliferation of TV financial pundit are creating a gray area in the illegal manipulation stock trading regulation of the Securities and Exchange Act. The Securities and Exchange Act Article 155; in the case of an addition “acts committed”; how to determine if an behavior is an offense under the Securities Exchange Act, whether it has reach the standard to be prosecuted or not and the basis of the judgement of the court and conviction rates. Connection should be made with the Taiwan Stock Exchange’s monitoring reports to check for anomalies. This would allow related Monitoring Management Unit and legal regulations to be able to keep up with the changes of business behavior, to achieve fairness and justice in our monitoring and management system, in order to allow the stock market to function properly, but while not unduly restrict stock market transactions and obstruct the free development of the market and the economy. Make use of the monitoring reports for the trading of shares of listed companies, prosecution of illegal stock market manipulation and court ruling to do further analyzing and investigating. To learn if we could take the orderly of Stock market financial capital and the free economy business behavior also the result of monitoring report of the Taiwan Stock Exchange into account as the basis for the use of national judicial punishment. As well as making clear separation between the perpetrator’s behaviors is in violation of administrative law or criminal law; therefore, we can reconcile both market order and economic freedom. Also change the high conviction rate of illegal stock market manipulationprosecutions and behavior of excessive waste of judicial resources.
