公平和效益是证券民事侵权诉讼前置程序的重要价值。两个价值具有一致性,两者互相包容。但两者冲突也是明显的,前置程序在实现效益价值的同时,使公平价值受到很大损害。两个价值的冲突引起学界的探讨。通过协调前置程序的两个价值,建议取消或改进前置程序。 Fairness and effectiveness are the important values ​​of the pre-process of securities tort. The two values ​​are consistent and the two are mutually inclusive. However, the conflict between the two is also obvious. The pre-process has greatly damaged the fair value while realizing the benefit value. The conflict of two values ​​has caused the academic discussion. By coordinating the two values ​​of the preemption, it is advisable to cancel or improve the preemption procedure.