一、证券监管早期的形成和确立政府对证券领域的监管最早可追溯到1720年6月英国颁布旨在防止过度证券投机的《反泡沫公司法》。《反泡沫公司法》的颁布起因于17世纪英国发生的“南海泡沫”案,18世纪初法国发生的“密西西比泡沫”事件也对这一法案的颁布起到了相当大的推动作用 First, the formation and establishment of the early securities regulatory government regulation of the securities field as early as 1720 June Britain promulgated the “anti-foam company law” aimed at preventing excessive securities speculation. The Anti-Foam Company Law was promulgated in the case of the “South Sea Bubble” in Britain in the 17th century. The “Mississippi bubble” incident in France in the early 18th century also played a considerable role in promoting the bill