| 摘要: | 我國《證券交易法》第171條第1項規定：「內線交易行為處三年以上十年以下有期徒刑，得併科新臺幣一千萬元以上二億元以下罰金。」；第2項規定：「其犯罪所得金額達新臺幣1億元以上者，處七年以上有期徒刑，得併科新臺幣二千五百萬元以上五億元以下罰金。」立法者最初為了嚇阻犯罪，設立了當內線交易犯罪所得達1億時加重刑罰之規定，本冀望藉由內線交易刑罰的加重，能達到預防犯罪發生之目的，卻因為無明文內線交易犯罪所得之定義與計算公式，導致法院判決時見解不一，爭議層出不窮，徒勞司法資源。
本文試圖以「台開案」為例，檢視法院對此案有關犯罪所得計算之爭議問題提出分析，並參酌司法判例與相關研究，對於「內線交易犯罪所得」的計算方法，重新建構並提出具體修法之建議，以符合「罪刑法定原則」，維護法律之安定性與明確性。
;《Securities Exchange Act》Article 171：「A person who has committed any of the following offenses shall be punished with imprisonment for not less than three years and not more than ten years, and in addition thereto, a fine of not less than NT$10 million and not more than NT$200 million may be imposed:1.A person who has violated the provisions of paragraph 1 or paragraph 2 of Article 20, paragraph 1 or paragraph 2 of Article 155, or paragraph 1 or 2 of Article 157-1. 2.A director, supervisor, managerial officer or employee of an issuer under this Act who, directly or indirectly, causes the company to conduct transactions to its disadvantage and not in the normal course of operation, thus causing substantial damage to the company. 3.A director, supervisor, or managerial officer of an issuer under this Act who, with intent to procure a benefit for himself/herself or for a third person, acts contrary to his/her duties or misappropriates company assets, thus causing damage of NT$5 million or more to the company. 」；「Where the amount gained by the commission of an offense under the preceding paragraph is NT$100 million or more, a sentence of imprisonment for not less than seven years shall be imposed, and in addition thereto a fine of not less than NT$25 million and not more than NT$500 million may be imposed. 」This law in order to prevent the occurrence of crime, to establish the amount obtained for NT $ 100 million or more, the defendant Aggravated Punishment. Hoping by heavier penalties for insider trading, can achieve the purpose of preventing the occurrence of crime. But the law does not require the definition of proceeds of crime, and the formula. So there are a lot of controversial court decisions have wasted a lot of time and manpower.
This article attempts to " Taiwan Land Development Corporation insider trading " for example, to analyze the court on the case calculation methods, and with reference to jurisprudence and related research, the method for the calculation of "insider trading proceeds of crime", and try to reconstruct and repair method of concrete proposals, in order to meet the "principle of legality", maintaining the stability of law and certainty. |
