连续交易型证券操纵行为是最隐蔽、最难认定的操纵行为之一。因其操纵手法与正常的证券交易行为在表面上几乎没有任何区别,在证券监管中,发现难、调查难、认定难是其典型特征。对此操纵行为,我国所有法律法规皆为一般概括,语焉不详,甚为笼统。直接导致证监会在实际查处过程中,无法可依,查处的公信力下降。本文试图对连续交易型操纵行为进行深入分析,提出确切的,具有可操作性的标准。 Continuous trading securities manipulation is the most hidden, most difficult to identify one of the manipulative. Because of its manipulation practices and the normal securities trading behavior on the surface almost no difference in the securities regulatory, found difficult, difficult to investigate, finds difficult to its typical characteristics. To this manipulation, all our laws and regulations are generally generalized, the language is not detailed, very general. As a direct result of the SFC in the actual investigation process, can not be dependent on investigation of the credibility of the decline. This article attempts to conduct in-depth analysis of continuous trading-type manipulation behavior, put forward exact and operable standards.