近几年证券市场的萎靡不振,导致券商全行业持续呈现大面积亏损,一批券商因沉疴在身或违规经营而相继倒下。在此背景下,对问题券商的处理问题日益浮出水面。目前,对这些问题券商的处理主要依托的是国家的行政干预和财政支持,券商退出的其他渠道尚不明朗,相关的法律规则尚付阙如。这一现状加剧了证券市场的道德风险,削弱了券商 In recent years, the stock market slump, resulting in the entire industry brokerage continued to show large losses, a number of brokerage firms due to Shen or illegal operations have fallen. In this context, the issue of dealing with the issue of brokers increasingly surfaced. At present, the handling of these issues is mainly based on the government’s administrative intervention and financial support, brokers exit other channels is not yet clear, the relevant laws and regulations are still missing. This situation has exacerbated the moral hazard in the stock market and weakened the brokerage