国际证监会组织ICSCO是国际证券市场监管机构最重要的组织,其制定的《证券监管目标和原则》中将投资者保护作为证券市场监管最重要的一个目标。很多国家的证券立法也肯定了投资者保护的监管目标,如英国的FSA将维持市场信心、增进投资者对市场和投资的了解、投资者保护和降低商业犯罪四项内容作为证券监管立法目标。这一点也是国内外学者和证券监管者的普遍认识。大量的国内外学者对中小股 IOSCO ICSCO is the most important organization in the international securities market. Its “Securities Supervision Objectives and Principles” set investor protection as the most important objective of securities market regulation. Securities legislation in many countries also affirmed the regulatory objectives of investor protection. For example, FSA in the UK will maintain market confidence, enhance investors’ understanding of markets and investments, and protect and reduce commercial crimes as the legislative objective of securities regulation. This is also a common understanding of domestic and foreign scholars and securities regulators. A large number of small and medium-sized scholars at home and abroad