論證券交易法內線交易罪之主觀要件

On the“Mens Rea”of Insider Trading Under the Securities and Exchange Act

本文主要的重點在於說明我國證券交易法所規範「內線交易罪」主觀要件的內涵。內線交易罪雖規定在證券交易法，但仍有刑法第13條犯罪故意的適用。
而刑法犯罪故意的解釋，涉及對於犯罪類型之保護法益及犯罪類型之客觀不法要素的理解，因此本文首先處理內線交易罪保護法益的概念，進而說明該罪的客觀不法要素（包含成文要素及不成文要素），最後再論述內線交易罪的主觀要件應如何合理解釋。

The main focus of this article is to explain the essence of the“men’s rea”(subjective elements) of insider trading crime under the ROC Securities and Exchange Act. While such crime is stipulated in the Securities and Exchange Act, it should be noted that Article 13 of the Criminal Code still applies when it comes to criminal intent.
Under the Criminal Code, the interpretation of criminal intention involves the understanding of the legal interests protected under the relevant crimes and their respective objective elements. Therefore, this article first analyzes the concept of the legal interests protected by insider trading, and then explains the objective elements (including written and unwritten elements) of the crime, finally discussing on how to reasonably explain the mens rea of insider trading.