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espanolEl articulo analiza de manera critica la capacidad de las propuestas teoricas, desarrolladas en nuestro pais, que intentan reconstruir el injusto penal del uso de informacion privilegiada. La principal critica se orienta, por una parte, en denunciar una especie de idealizacion del mercado de valores, que abarca innecesariamente a algunos submercados no organizados o informales, lo que ha obligado a reconstruir ficticiamente el injusto penal; por otra parte, se denuncia una administrativizacion del derecho penal, al constatar la renuncia al analisis del merecimiento y necesidad de la pena en la reconstruccion del injusto, aceptando, para eso, la mera disfuncionalidad generada por la vulneracion normativa. EnglishThis article critically analyzes the aptitude of theories proposed by national authors attempting to reconstruct the criminal wrongness of insider trading. The main criticism is oriented, firstly, in denouncing an idealized concept of stock market, which unnecessarily covers some unorganized or informal submarkets, forcing to reconstruct fictionally the criminal wrongfulness of insider trading. Secondly, we denounce that by abandoning the analysis of the needs and merits of criminal punishments in the reconstruction of wrongfulness, criminal law begins to look more as administrative law, accepting that the mere dysfunction generated by the violation of rules is cause enough.

política criminal

La idealización y la administrativización de la punibilidad del uso de Información Privilegiada: Un análisis de los discursos penales en la doctrina chilena