证券投资者保护是资本市场发展的基石,其重要性不言而喻。国际金融危机后,各国金融监管当局对其投资者保护机制进行了反思,采取了相应的改革措施。2012年以来,证券行业创新促使我国资本市场进入了新的发展阶段,也对证券投资者保护工作带来了新的挑战,国际上证券投资者保护机制的改革措施对我国具有很强的借鉴意义。危机后证券投资者保护制度的演进美国和英国次贷危机后,美国证券投资者保护得到进一步强化,主要改革措施有:成立新的投资者保护机构——消费者金融保 The protection of securities investors is the cornerstone of the development of the capital market, its importance is self-evident. After the international financial crisis, the financial regulatory authorities of all countries conducted a review of their investor protection mechanisms and adopted corresponding reform measures. Since 2012, the innovation in the securities industry has prompted the capital market in our country to enter a new stage of development. It has also brought new challenges to the protection of securities investors. The reform measures of the international securities investor protection mechanism have a strong reference for our country . The Evolution of the Securities Investor Protection System after the Crisis After the subprime mortgage crisis in the United States and the United Kingdom, the protection of U.S. securities investors has been further strengthened. The major reform measures include establishing a new investor protection agency, consumer financial protection