摘要： 司法解释应明确证券内幕信息知情人员的实质特征是基于职务可获取证券内幕信息，同时对期货内幕信息知情人员规定类型化的判断规则。以财产继承关系为标准对内幕信息知情人员的近亲属范围进行限定，能够充分地与内幕交易犯罪利用内幕信息从资本市场交易中非法获取利润的实质相契合。根据明显异常交易事实推定相关交易行为与内幕信息互为关联，具有充分的合法性与合理性基础。有必要以是否告知被建议者内幕信息内容为标准区分明示与暗示他人从事交易活动。司法解释应进一步优化内幕交易犯罪情节严重的数额标准下限与犯罪数额的具体认定规则。

关键词: 内幕交易犯罪, 知情人员, 明显异常, 建议行为

Abstract: The judicial interpretation should define that the real feature of informed staff is securities insider information available to them based on job. In addition, the judicial interpretation should detail the type of judgment rule as to the informed staff of securities insider information. If we choose the relationship of inheritance of property to limit the scope of close relatives of informed staff of securities insider information, it can fully fit the substance that the crime of insider trading illegally profits from capital market transactions by use of inside information. It has full legitimacy and reasonable basis that we presume related trade practices and insider information are inter-related according to the significant unusual transactions facts. It is necessary to distinguish between impliedly and expressly inform others of engaging in the trading activities by the standard of whether informing the advisee of the contents of insider information. The judicial interpretation should further optimize the minimum amount of serious circumstances and the specifically identified rules of the amount of the crime of insider trading.

Key words: Crime of Insider Trading, Judicial Interpretation, Informed Staff, Obvious Abnormalities