Legal Protection for Investors against Fraud by Market Manipulation in the Indonesian Capital Market

Rahman, Yogi Muhammad; Lalu Saipudin; AH. Asari Taufiqurrohman; Anik Kunantiyorini; Taufiq

doi:10.29303/ius.v12i3.1416

Akses terbuka Jurnal SINTA 1

Legal Protection for Investors against Fraud by Market Manipulation in the Indonesian Capital Market

Jurnal IUS (Kajian Hukum dan Keadilan) · Vol. 12 No. 3 (2024) · hlm. 517–529

DOI: 10.29303/ius.v12i3.1416
ISSN: 2477-815X, 2303-3827
Terbit: 2024-12-27
Penerbit: Magister of Law, Faculty of Law, University of Mataram
Bahasa: eng
Lisensi: creativecommons.org/licenses/by-sa/4.0

Abstrak

Fraudulent acts through market manipulation in the capital market can lead to investors receiving false information in their investment decisions, resulting in unprotected investor funds and unsustainable capital market industry operations. This article employs a normative legal method. Market price manipulation in the capital market falls under the category of fraud in the capital market as it is done with the intention of self-gain and deception, creating a semblance not based on actual material facts to influence others to buy, sell, or hold securities. Protection for investors can be achieved through two approaches: preventive measures by mandating all issuers to adhere to the principle of full disclosure supervised by the Financial Services Authority, and criminal measures where perpetrators of fraud in the capital market can face sanctions of up to 10 years imprisonment or fines of Rp 15 billion following Article 104 of the Capital Market Law. However, existing regulations are still insufficient in protecting the legal interests of investors from fraudulent activities in the capital market due to several factors including the ineffectiveness of the Capital Market Law, weak law enforcement, lack of legal protection mechanisms for investors who suffer losses due to market manipulation, and sanctions deemed ineffective.

Kata kunci

Jaringan kolaborasi para penulis

21 penulis · 51 tautan kepenulisan bersama · 14 lintas organisasi

Arahkan kursor atau ketuk sebuah nama untuk menyorot rekan penulisnya. Klik dua kali untuk membuka halaman penulis.

Universitas Pekalongan
Sebelas Maret University
Universitas Negeri Surabaya
Bowen University
Parul University
Afiliasi tidak diketahui

Organisasi berbeda
Organisasi sama
Afiliasi tidak diketahui
Garis lebih tebal = lebih banyak artikel bersama · lingkaran lebih besar = lebih banyak artikel

Tampilkan sebagai tabel

Rekan penulis	Organisasi	Artikel bersama
Dwi Edi Wibowo	Universitas Pekalongan	1
Achmad Soeharto	Sebelas Maret University	1
Geraldha Islami Putra Disantara	Universitas Negeri Surabaya	1
Uche Nnawulezi	Bowen University	1
Uzodinma Yurriens Ezenduka	Parul University	1
Irma Suryani	Afiliasi tidak diketahui	1
Mohamad Hidayat Muhtar	Afiliasi tidak diketahui	1
Belardo Prasetya Mega Jaya	Afiliasi tidak diketahui	1
Awad Al Khalaf	Afiliasi tidak diketahui	1
Rodliyah Rodliyah	Afiliasi tidak diketahui	1
Salim HS	Afiliasi tidak diketahui	1
Laely Wulandari	Afiliasi tidak diketahui	1
Mas Putra Zenno Januarsyah	Afiliasi tidak diketahui	1
Agustinus Purnomo Hadi	Afiliasi tidak diketahui	1
Amriyanto	Afiliasi tidak diketahui	1
Ahmad Jaeni	Afiliasi tidak diketahui	1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) http://jurnalius.ac.id/ojs/index.php/jurnalIUS/oai, pertama di-harvest 9 Nov 2026, terakhir terlihat 9 Nov 2026.

Metadata asli (oai_dc)

<oai_dc:dc xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/  http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
	<dc:title xml:lang="en-US">Legal Protection for Investors against Fraud by Market Manipulation in the Indonesian Capital Market</dc:title>
	<dc:creator>Rahman, Yogi Muhammad</dc:creator>
	<dc:creator>Lalu Saipudin</dc:creator>
	<dc:creator>AH. Asari Taufiqurrohman</dc:creator>
	<dc:creator>Anik Kunantiyorini</dc:creator>
	<dc:creator>Taufiq</dc:creator>
	<dc:subject xml:lang="en-US">Capital Market</dc:subject>
	<dc:subject xml:lang="en-US">Legal Protection</dc:subject>
	<dc:subject xml:lang="en-US">Fraud by Market Manipulation</dc:subject>
	<dc:subject xml:lang="en-US">Investors</dc:subject>
	<dc:description xml:lang="en-US">Fraudulent acts through market manipulation in the capital market can lead to investors receiving false information in their investment decisions, resulting in unprotected investor funds and unsustainable capital market industry operations. This article employs a normative legal method. Market price manipulation in the capital market falls under the category of fraud in the capital market as it is done with the intention of self-gain and deception, creating a semblance not based on actual material facts to influence others to buy, sell, or hold securities.&amp;nbsp;Protection for investors can be achieved&amp;nbsp;through two approaches: preventive measures by mandating all issuers to adhere to the principle of full disclosure supervised by the Financial Services Authority,&amp;nbsp;and criminal measures where perpetrators of fraud in the capital market can face sanctions of up to 10 years imprisonment or fines of Rp 15 billion following Article 104 of the Capital Market Law. However, existing regulations are still insufficient in protecting the legal interests of investors from fraudulent activities in the capital market due to several factors&amp;nbsp;including&amp;nbsp;the ineffectiveness of the Capital Market Law, weak law enforcement, lack of legal protection mechanisms for investors who suffer losses due to market manipulation, and sanctions deemed ineffective.</dc:description>
	<dc:publisher xml:lang="en-US">Magister of Law, Faculty of Law, University of Mataram</dc:publisher>
	<dc:date>2024-12-27</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-Reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://jurnalius.ac.id/ojs/index.php/jurnalIUS/article/view/1416</dc:identifier>
	<dc:identifier>10.29303/ius.v12i3.1416</dc:identifier>
	<dc:source xml:lang="en-US">Jurnal IUS Kajian Hukum dan Keadilan; Vol. 12 No. 3 (2024): Jurnal IUS Kajian Hukum dan Keadilan; 517-529</dc:source>
	<dc:source>2477-815X</dc:source>
	<dc:source>2303-3827</dc:source>
	<dc:source>10.29303/ius.v12i3</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://jurnalius.ac.id/ojs/index.php/jurnalIUS/article/view/1416/643</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2024 Yogi Muhammad Rahman, Lalu Saipudin, H. Asari Taufiqurrohman, A Anik Kunantiyorini, Taufiq</dc:rights>
	<dc:rights xml:lang="en-US">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>