The Securities Exchange Act is the norm which regulate companies public offering his shares, bonds and other securities to the public investors through this direct financial form to raise funds in the Securities market (i.e. Capital market). Since the legislative purpose of the Securities Exchange Law is maintain the securities market sound to protect the public investors and promote the national economic development, the Securities Exchange Law should establish the content regulations and sanction regulations. Any securities market participants who violate these regulations , if necessary there shall be sanction regulations to make him responsible for it . This article intends to inspect these content regulations and sanction regulations throughout the legislative purpose of the Securities Exchange Law to highlight the framework of the Securities Exchange Law, and inspect its actual effect , hoping to give prospect on the legislative means of the Securities Exchange Law.