主要从比较法的视点出发,着重考察分析了美国和德国有关内幕人的规制理论和内幕人的范围。基于这样的考察,提出以下的观点:与他国相比,我国现行法无法将公司外部人利用内幕信息的情况纳入规制的射程范围,故而将导致证券法中的公正、公平理念变得苍白无力;因此我们有必要吸收国外先进的立法,更好的规制内幕交易行为。 Mainly from the perspective of comparative law, this paper mainly analyzes and analyzes the regulation theories and the scope of insiders in the United States and Germany. Based on this investigation, I put forward the following viewpoints: Compared with other countries, the existing law in our country can not incorporate the insider information of the company into the range of regulation, thus resulting in the concept of fairness and fairness in securities law becoming pale and weak. Therefore, We need to absorb advanced foreign legislation to better regulate the insider trading behavior.