摘要： “F立方”证券欺诈诉讼近年来在美国呈迅速增长态势，在美国证券立法框架下，此类诉讼的管辖权主要涉及1934年《证券交易法》中“10b规则”的性质及域外适用问题。201 0年联邦最高法院对“莫里森诉澳大利亚国家银行案”的判决，使得“F立方”诉讼管辖权规则开始由“行为”和“效果”标准向“交易标准”转变。而该案之后《华尔街改革和消费者保护法》的出台，以及美国联邦地区法院对“交易标准”的适用与发展，丰富了“F 立方”诉讼管辖权的规则内容。美国“F立方”诉讼管辖权规则的发展，也将对我国上市公司以及私人证券欺诈诉讼机制的构建产生一定影响。

关键词: &ldquo, F立方&rdquo, 诉讼, 管辖权, &ldquo, 行为&rdquo, 和&ldquo, 效果&rdquo, 标准, &ldquo, 交易标准&rdquo

Abstract: “F-cubed” litigations are becoming more and more popular and overwhelming in US recently. The main problems under American securities legislation are the extraterritorial application of “10b rules” and its character which are the antifraud provisions of the Securities Exchange Act of 1934. As for the “f-cubed” litigations jurisdiction rules applied in US courts, the US Supreme Court case of “Morrison et al. v. National Australia Bank Ltd.”in 2010 presents a turning-point from “conduct and effect test” to `transaction test”．In addition, the enactment of Dodd-Frank Wall Street Reform and Consumer Protection Act combining with the application and development of "transaction test” in lower courts have greatly enriched “f-cubed” litigations jurisdiction rule. As to our country, the transformation of American “f-cubed” litigations jurisdiction rule will have some influence on Chinese listed company and mechanism of private securities fraud litigation in China.

Key words: “F-cubed&rdquo, Litigations, Jurisdiction, “Conduct and Effect Test”；“Transaction Test”