CAJ | 학술논문

操纵证券市场行为具有一定的欺诈属性，但滥用证券市场的优势或者影响力，人为控制或者影响证券市场行情，才是其本质特征和危害实质所在。只有在主观上具有操纵或者影响证券市场行情的目的，客观上具有操纵或者影响证券市场行情的可能性，操纵证券市场行为才能充足操纵证券市场罪的法定构成要件。由此决定，操纵证券市场罪在我国并非结果犯，而是具体危险犯和目的犯。至于行为人是否具备特殊身份或者特殊地位，在所不问。
조종증권시장행위구유일정적기사속성，단람용증권시장적우세혹자영향력，인위공제혹자영향증권시장행정，재시기본질특정화위해실질소재。지유재주관상구유조종혹자영향증권시장행정적목적，객관상구유조종혹자영향증권시장행정적가능성，조종증권시장행위재능충족조종증권시장죄적법정구성요건。유차결정，조종증권시장죄재아국병비결과범，이시구체위험범화목적범。지우행위인시부구비특수신빈혹자특수지위，재소불문。
Stock-price manipulation has certain property of fraud, yet the abuse of market dominating position or influence and the artificial control of stock price are its essential attribute and real harm. Only when those which deliberate to manipulate or affect stock prices subjectively and when it is objectively feasible to manipulate or affect stock prices can stock price manipulations suffice as legal constitutive requirements for the crime of manipulating the securities, and this would make the crime of manipulating the securities a specific potential damage offense and purpose offense as well, instead of a consequential offense. However, whether the not be considered. actor has a special identity or special position shouldnot be considered.