By comparing and studying the securities laws of America Japan and our Taiwan Province the paper expounds the composition of the three conducts to rig the market namely wash sale relative trust and continuous trading .

通过对美国、日本和中国台湾地区的证券法的比较研究，阐明了 洗 售、相对委托和连续交易这三种典型的市场操纵行为的构成要件。

False transaction includes wash sale and countercommission and these two aspects should be distinguished from each other by analyzing the subject action and subjective element .

虚伪交易可进一步分为 冲洗 买卖和相对委托，为厘清二者间容易产生混淆的几个问题，需从行为的主体、行为方式及主观要件等方面加以认真剖析。