从国际证券市场发展的进程来看，美国可以说是最早确立证券法律体系和最先提出证券市场实时监管理念（ＭａｒｋｅｔＳｕｒｖｅｉｌｌａｎｃｅ）的国家之一。１９３３年至１９７５年期间，美国国会、美国联邦储备银行和美国证券交易委员会曾先后颁布过一系列有关金融证券管理的 From the perspective of the development of the international securities market, the United States can be said to be one of the earliest countries that established the securities legal system and first put forward the concept of market surveillance in the securities market. From 1933 to 1975, the United States Congress, the Federal Reserve Bank of America and the United States Securities and Exchange Commission has promulgated a series of financial securities management