The characteristics of formation of the inversion type of the stock market and its contradictions were investigated, the necessity of transition to a functional-target regulation of the stock market was proved the ways of optimization of the institutional system by integrating the functions of regulatory authorities were proposed.
Keywords: the stock market, a functional-target regulation, the institutional system of the stock market.
DOI: http://dx.doi.org/10.17721/1728-2667.2013/149-8/11