在证券执法领域构建和解制度有利于提高案件的处理效率,较好地兼顾执法的效率、公平与权威。理论界和实务界对于构建证券执法和解制度的合理性已基本取得共识,但在该制度的合法性基础、权力滥用的操作性问题以及具体制度设计中的路径选择等方面还存在争点。笔者逐一梳理出这些争点,并提出有针对性的解决建议,以期引起有识之士的成熟思考。 Establishing a system of reconciliation in the field of securities law enforcement will help improve the handling efficiency of cases and give more consideration to the efficiency, fairness and authority of law enforcement. There is still some controversy between the theoretical and practical circles for building the rationality of the securities law enforcement reconciliation system. However, there are still disputes over the basis of the legitimacy of the system, the operational problems of abuse of power, and the choice of specific systems. The author sort out these issues one by one, and put forward targeted solutions to the recommendations in order to arouse the people of insight mature thinking.