Shanghai Financial Court releases "Legal Risk Prevention Report on Securities False Statements Liability Disputes"

Journalists learned at a press conference held by the Shanghai Financial Court that they released the "Report on Legal Risks Prevention of Securities False Statement Liability Disputes". This is part of the establishment of the "Annual Release Mechanism for Legal Risk Prevention Reports on Financial Disputes" by the Shanghai Financial Court. Following the release of legal risk prevention reports on private equity funds, bonds, and financing leasing disputes, this is the fourth consecutive year that they have released a financial legal risk prevention report. It is an important measure for the court to leverage judicial power to prevent financial risks and optimize the legal and business environment. It is reported that in the seven years since its establishment, the Shanghai Financial Court has received over 23,000 cases of securities false statement liability disputes. The "Report" released this time is divided into five parts: analysis of the securities market situation, basic information on securities false statement liability dispute cases, relevant innovative mechanisms of the Shanghai Financial Court, types of disputes and disclosure of legal risks, and suggestions for legal risk prevention. It systematically sorts out the characteristics of securities false statement disputes, reveals the causes of disputes and legal risks, and provides countermeasures and suggestions for legal risk prevention in the securities field.