Civil liability in securities law is mainly the liability of tort, consisting the fact violation, relationship of reason and effect and mistake.

证券法中的民事责任主要为侵权责任，其构成以损害事实、因果关系、过错为要件。

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This paper mainly references the securities law of the United States to study the causal relations of civil tort liability of false statements.

本文主要以美国证券法为借鉴对象来研究虚假陈述民事责任中的因果关系问题。

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This paper mainly references the securities law of the United States to study the causal relations of civil tort liability of false statements.

本文主要以美国证券法为借鉴对象来研究虚假陈述民事责任中的因果关系问题。

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