POSITION OF SECURITIES INVESTOR PROTECTION FUND (SIPF) IN OPTIMIZATION OF INVESTOR PROTECTION OF LOSSES BECAUSE ITS CORPORATE EFFECTS IN CAPITAL MARKET CONNECTED WITH CAPITAL MARKET IN INDONESIA

Margareth Nita Gunawan

doi:10.31941/pj.v23i3.5079

Authors

Margareth Nita Gunawan Master of Law, University of Pelita Harapan, Indonesia

DOI:

https://doi.org/10.31941/pj.v23i3.5079

Abstract

Capital Market aims to support the implementation of national development in order to improve the distribution, growth and stability of the national economy towards the improvement of people's welfare. Therefore, investor protection should be protected. Investors protection is accommodated by Securities Investor Protection Fund (SIPF) as the organizer of capital protection fund in the capital market in Indonesia. This research aims to: (1) Knowing the position of the Security Investor Protection Fund (SIPF) in optimizing the protection of investors against losses due to the occurrence of crimes in the capital market; (2) Describes the settlement of investor losses due to capital market crime that can not be fulfilled by SIPF as the provider of investor protection fund in Indonesia capital market. The research method used is normative research using descriptive analytical research specification. The result of the research shows that: (1) The position of Securities Investor Protection Fund (SIPF) in optimizing investor protection against losses caused by crime in capital market is still very less; (2) Securities Investor Protection Fund (SIPF), in giving claims to investors is only Rp.100.000.000 (one hundred million rupiah) to this day and if there is a shortage of return on assets of investors, SIPF institution allows investors to sue securities companies in court, while the legal effort is divided into two, namely the civil lawsuit namely Article 1365 Civil Code and the criminal lawsuit namely Article 90 jo Article 104 Capital Market Law

Downloads

Download data is not yet available.

References

REFERENCES

A. BOOKS

Abubakar, L. (2009). Transaksi Derivatif di Indonesia Tinjauan Hukum tentang Perdagangan Derivatif di Bursa Efek. Bandung: Book Terrace & Library.

Anwar, Y. (2005). Pasar Modal Sebagai Sarana Pembiayaan dan Investasi. Bandung, Alumni.

Fuady, M. (1996). Pasar Modal Modern: tinjauan hukum. Citra Aditya Bakti.

M. Irsan Nasarudin. et. Al. (2004). Aspek Hukum Pasar Modal. Jakarta, Kencana Prenada Media Group.

Pieter Tedu Bataona. (1994). Mengenal Pasar Modal. Ende, Nusa Indah.

Soerjono Soekanto dan Sri Mamudji. (2006). Penelitian Hukum Normatif: Suatu Tinjauan Singkat. Jakarta, Rajawali Press. 9th edition.

Sunggono, B. (1997). Metode Penelitian Hukum. Jakarta: Raja Grafindo Persada.

Untung, B. (2011). Hukum Bisnis Pasar Modal. Yogyakarta: Andi.

B. JOURNALS AND ARTICLES

Irfi Silvia Amanda, Maulana Shihabudi, Belardo Prasetya Mega Jaya, Mohammad Fasyehhudin, (2022). “Peran Pemerintah dalam Pengembangan UMKM Nasional dan Membangun Negeri di Pasar Internasional”, Yustisia Tirtayasa: Jurnal Tugas Akhir, 2(1), pp. 1-7. http://dx.doi.org/10.51825/yta.v2i1.13641

Attijani, M. S. A. S. (2020). Penyelenggara Dana Perlindungan Pemodal Bagi Investor Dalam Transaksi Saham Pada Pasar Modal (Doctoral dissertation, Universitas Airlangga). https://doi.org/10.20473/mi.v2i2.13678

Gozha Primanda dan Wenny Setiawati, (2014). Analisis Pendirian Lembaga Securities Investor Protection Fund (Dana Perlindungan Pemodal) sebagai Upaya Perlindungan terhadap Investor dalam Hukum Pasar Modal Indonesia (Studi Komparasi antara Amerika Serikat dan Singapura). Universitas Indonesia. www.lib.ui.ac.id., accessed on October 19, 2017.

Hakim, R. F. (2015). Perlindungan Aset Nasabah oleh Penyelenggara Dana Perlindungan Pemodal (Investor Protection Fund) Akibat Pailitnya Perusahaan Efek (Doctoral dissertation, Brawijaya University). http://download.portalgaruda.org accessed on October 19, 2017

Hana Badrina. (2014). Implementasi Indonesia securities investor protection fund sebagai lembaga perlindungan dana pemodal di Indonesia. Depok, Universitas Indonesia https://lib.ui.ac.id/m/detail.js

p?id=20389359&lokasi=lokal FX

Hendrawan, R. O., Abubakar, L., & Harrieti, N. (2023). Analisis Dana Perlindungan Pemodal (Securities Investor Protection Fund) Sebagai Sarana Perlindungan Hukum Investor Di Pasar Modal. Jurnal Ilmiah Penegakan Hukum, 10(1), 50-59. https://doi.org/10.31289/jiph.v10i1.8736.

Indonesia Securities Investor Protection Fund (SIPF), (2024). about us, can be accessed online at https://www.indonesiasipf.co.id/tentang-kami

Jaya, B. P. M., & Lutfi, M. U. (2021). The Law Enforcement Towards Foreign Vessels Which Did Illegal, Unreported and Unregulated Fishing (IUU-Fishing) In Indonesia Fisheries Management Areas. Jurnal Dinamika Hukum, 20(1), 245-255. http://dinamikahukum.fh.unso

ed.ac.id/index.php/JDH/article/view/2838

Mentari, N. (2023). Perlindungan Modal Investor Dalam Penyelenggaraan Indonesia Securities Investor Protection Fund (Indonesia SIPF). Jurnal Hukum dan Etika Kesehatan, 8-22. https://doi.org/

30649/jhek.v3i1.109.

Miano, L. (2020). Entrepreneur’s awareness and risk perception to equity market on stock investing. International Journal of Finance and Banking Research, 6(2), 11-21. https://doi.org/10.11648/j.ijfbr.20

11

Pohan, G. A. A., Priyono, F. J., & Priyono, E. A. (2023). Application of Principle Full Disclosure and Legal Protection for Investor Due to Market Manipulation of Shareprices by Issuers in Capital Market. Crepido, 5(1), 104-115. https://doi.org/10.14710/crepid

o.5.1.104-115

Purboningtyas, D. A., & Prabandari, A. P. (2019). Perlindungan Hukum Bagi Investor Pasar Modal Indonesia oleh Securities Investor Protection Fund. Notarius, 12(2), 789-810. https://doi.org/10.147

/nts.v12i2.29016

Satriyawan, Y. S., Suniaprily, F. G. A., & Suharno, S. (2024). Keamanan dan Perlindungan Hukum bagi Investor Saham di Indonesia. Hakim: Jurnal Ilmu Hukum dan Sosial, 2(2), 350-358. https://doi.org/10.

/hakim.v2i2.1827.

Setiawan, P. A. H., & Iryani, D. (2023). Perlindungan Hukum Bagi Investor yang Mengalami Kerugian Tidak Sah Akibat Praktik Insider Trading di Pasar. SETARA: Jurnal Ilmu Hukum, 4(1), 1-23. http://dx.doi.org/10.59017/setara.v4i1.397

Shkolnyk, I., Bondarenko, E., & Ostapenko, M. (2017). Investor compensation fund: An optimal size for countries with developed stock markets and Ukraine. Investment management and financial innovations, 14(3) 404-425. https://www.proquest.com/docview

/2221309645/DF68D90F65564FF6PQ/1?accountid=62720&sourcetype=Scholarly%20Journals

Sumadi, T. R. D., Kurniawan, H., & Novando, F. (2023). Perlindungan Investor Di Pasar Modal Di Indonesia Melalui Disgorgement (FUND) Berdasarkan POJK NOMOR 65/POJK. 04/2020. Civilia: Jurnal Kajian Hukum dan Pendidikan Kewarganegaraan, 2(3), 65-75. https://doi.org/10.572349/civilia.v3i2.387.

Suryanita, U. D. (2014). Perlindungan Hukum bagi Pemodal dalam Pasar Modal Indonesia oleh Penyelenggara Dana Perlindungan Pemodal (Doctoral dissertation, Brawijaya University). https://hukum.studentjournal.ub.ac.id/index.php/hukum/article/view/674/661

C. DICTIONARY AND OTHER SOURCES

Interview with Ririh Asih Priyahita, Head of the Corporate Secretary Work Unit of the Indonesian Legal Protection and Protection Agency SIPF.

SIPF. Sejarah Perusahaan. http://www.indonesiasipf.co.id/sejarah-perusaha

an.sipf. Accessed on October 19, 2017, at 18.33 WIB

SIPF. http://www.indonesiasipf.co.id/publikasi/siaran-pers-tutup-tahun-2016.sipf. Accessed on November 29, 2017