The regulatory environment in Beijing is hard to gauge and enforcement of securities law is haphazard.

北京的管制环境很难衡量，而证券法的执行也显得很随便。

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Supervise and inspect according to the law the public disclosure of information on securities issuance and transactions;

依法监督检查证券发行和交易的信息公开情况；

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Article 199. When a securities company violates the regulations of this law and does securities? Related.

第一百九十九条证券公司违反本法规定，超出业务许可范围经营证券业务的，责令改正，没收违法所得，并处以违法所得一倍以上五倍以下的罚款。

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"There's a lot of cases against companies in the financial sector, " said Jill Fisch, a professor of securities law at the University of Pennsylvania Law School.

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What is involved is a very complex intersection of law, securities and money management.

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At least one controversial area of law, securities class actions, is in decline--and is likely to remain so as potential corporate wrongdoers weigh the increased likelihood of getting caught and paying a hefty personal price.

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