Proceedings of the 2025 4th International Conference on Mathematical Statistics and Economic Analysis (MSEA 2025)

<Previous Article In Volume
Next Article In Volume>

Fraud and Market Manipulation in Securities Law: Conceptual Distinctions and the Imperative for Regulatory Reinforcement

Authors
Xinyan Kai1, *
1The University of New South Wales, Sydney, NSW, 2052, Australia
*Corresponding author. Email: kaixinyanmelissa@gmail.com
Corresponding Author
Xinyan Kai
Available Online 20 February 2026.
DOI
10.2991/978-94-6463-992-6_41How to use a DOI?
Keywords
Securities Law; Digital Platform; Manipulation; Market Fairness
Abstract

This paper examines the conceptual distinctions between fraud and market manipulation under securities law, focusing on their legal definitions, regulatory implications, and enforcement practices. While both involve deceptive practices, fraud generally revolves around misleading or false information, while market manipulation concerns artificial interference in market behavior, such as price or volume manipulation through trading activities. The paper analyzes the evolution of China’s Securities Law, which distinguishes between these two violations, highlighting the necessity of strengthening independent regulations on market manipulation due to its potential for widespread economic harm and the growing complexity of manipulative practices in the digital era. Through a comparative legal analysis, the paper underscores the gaps in current enforcement and the need for clearer legal standards, enhanced detection technologies, and international regulatory cooperation. It concludes by offering policy and legal recommendations aimed at improving market integrity, enhancing investor protection, and adapting to new challenges posed by digital platforms and algorithmic trading.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2025 4th International Conference on Mathematical Statistics and Economic Analysis (MSEA 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
20 February 2026
ISBN
978-94-6463-992-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-992-6_41How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xinyan Kai
PY  - 2026
DA  - 2026/02/20
TI  - Fraud and Market Manipulation in Securities Law: Conceptual Distinctions and the Imperative for Regulatory Reinforcement
BT  - Proceedings of the 2025 4th International Conference on Mathematical Statistics and Economic Analysis (MSEA 2025)
PB  - Atlantis Press
SP  - 437
EP  - 451
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-992-6_41
DO  - 10.2991/978-94-6463-992-6_41
ID  - Kai2026
ER  -