证券监管:保护公共利益证券市场是一种不完全竞争的市场,其缺陷主要在两个方面:第一,证券市场是一个特别容易产生垄断的市场。主要在于:(1)同一种品质的证券只能由一个发行者发行,一家公司只能发行本公司的证券,因此,就某一种证券而言,发行者处于垄断的地位,证券的发行价格很可能是一个垄断价格。(2)由于证券的发行是一种垄断行为,因此,只要发行量没有超出某一限度,某些投资 Securities Supervision: Protecting the Public Interest The securities market is an imperfectly competitive market. Its defects are mainly in two aspects. First, the securities market is a market that is particularly monopolistic. The main lies in: (1) the same quality of securities issued by only one issuer, a company can only issue the company’s securities, therefore, for a particular securities, the issuer in a monopoly position, the issue price of securities It is likely to be a monopoly price. (2) Since the issuance of securities is a monopoly, as long as the circulation does not exceed a certain limit, certain investments