题目：智能投资顾问的监管制度研究摘要基于用户的理财需求、财务实力、风险偏好等信息，通过计算机数据模型形成标准化投资建议而产生的智能投资顾问,对多层次金融市场的完善具有良好的补充作用。但因监管规则滞后，制度基础不够完善，自身运作流程缺乏制约机制带来的风险对智能投资顾问的发展产生了阻碍作用。通过完善相应的基础制度，制定监管规则与制约流程再造对于规避智能投资顾问的风险具有积极意义。本文首先概述智能证券投资顾问的产生以及具有普惠性、依赖算法和大数据、动化特征有助于培养正确投资理念的特征。然后从证券投资顾问的基础法律关系和智能证券投资顾问的法律属性两个方面探究其法学基础理论，前者侧重从业机构的权利与义务和投资者的权利与义务，后者主体说与客体说和责任主体的界定。其次重点研究我国智能投资顾问的监管问题，第一各种监管风险，包括政策风险、技术风险、劣币驱逐良币的风险、；第二我国智能投顾的市场准入制度不完善，包括智能投顾从业机构市场准入制度不完善、智能投顾的投资者合规性监管、智能投顾算法风险问题；第三我国智能投顾的经营行为监管不足，包括风险提示义务不明确、信息披露义务标准不明确、信息与数据安全风险监管不足、网络安全风险监管不足、监管方式不科学。最后根据国内情况提出智能投资顾问的监管建议，包括完善市场准入监管、强化经营风险监管等。关键词：智能投资顾问；监管制度；风险监管IAbstractIntelligentinvestmentconsultantsbasedonuser'sfinancialneeds,financialstrength,riskpreferencesandotherinformation,formedbystandardizedinvestmentproposalsthroughcomputerdatamodel,playagoodcomplementaryroleintheimprovementofmulti-levelfinancialmarkets.However,duetothelaggingregulatoryrules,theimperfectinstitutionalbasisandthelackofrestrictivemechanisminitsownoperationprocess,theriskhashinderedthedevelopmentofintelligentinvestmentconsultants.Byimprovingthecorrespondingbasicsystem,formulatingregulatoryrulesandrestrictingprocessreengineering,itisofpositivesignificancetoavoidtheriskofintelligentinvestmentconsultants.Thispaperfirstoutlinestheemergenceofintelligentsecuritiesinvestmentadvisors,aswellasthecharacteristicsofinclusiveness,dependenceonAlgorithmsandlargedata,dynamiccharacteristics,whicharehelpfultocultivatecorrectinvestmentideas.Thenitexploresitsbasiclegaltheoryfromtwoaspects:thebasiclegalrelationshipofsecuritiesinvestmentconsultantsandthelegalattributeofintelligentsecuritiesinvestmentconsultants.Theformerfocusesontherightsandobligationsofthepractitionersandtherightsandobligationsofinvestors,whilethelatterfocusesonthedefinitionofthesubjectandobjectandthesubjectofresponsibility.Secondly,itfocusesonthesupervisionofintelligentinvestmentconsultantsinChina.First,variousregulatoryrisks,includingpolicyrisk,technicalrisk,theriskofbadcurrencyexpellinggoodmoney,andsecond,themarketaccesssystemofIntelligentInvestmentConsultantsisimperfect,includingtheimperfectmarketaccesssystemofintelligentinvestmentpractitioners,investors'compliancesupervisionofintelligentinvestmentconsultants,andtheriskofintelligentinvestmentalgorithm.Thirdly,thereareinadequatesupervisionofbusinessbehaviorofintelligentinvestmentinChina,includingunclearriskpromptingobligations,unclearstandardsofinformationdisclosureobligations,inadequatesupervisionofinformationanddatasecurityrisks,inadequatesupervisionofnetworkIIsecurityrisks,andunscientificsupervisionmethods.Finally,accordingtothedomesticsituation,thispaperputsforwardsomesuggestionsonthesupervisionofintelligentinvestmentconsultants,includingimprovingmarketaccesssupervision,strengtheningmanagementrisksupervision...
