This paper analyzes the financial legal system reform after the financial market meltdown since 2008. Obviously, we can draw a clearly conclusion that the former financial legal system should be reformed in many fields, but most important reforms should include: how to balance the interest of the investors and the society; how to protect the customs and also how to make the new financial legal system itself more efficient and reasonable. This paper summarizes the hot spots of the financial legal system both in the theory researching and legislation advising.