Wening Novridasati

Master of Laws, Faculty of Law, Pancasila University

DOI : https://doi.org/10.47191/ijsshr/v7-i02-13

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ABSTRACT

The capital market has an important role in the financial sector because it offers new alternatives for the business world to obtain sources of business financing in addition to adding new alternatives for investors to invest outside of banking and other forms of investment. However, investing in the capital market also has higher risks compared to investing in other fields. The Capital Markets Law regulates the issue of obligations to comply with the principle of openness and regulates the issue of consequences and responsibility for losses as well as criminal threats for capital market players who do not carry out the obligations of the principle of openness. The problem studied in this writing is legal protectionbailout investors againstWindows Dressing emitaccording to the Capital Markets Law. This writing was carried out using normative juridical methods. The writing approach uses a statutory approach. The data source used in this writing is a secondary data source which was then analyzed qualitatively. The results obtained in this research are that legal protection for investor bailouts is regulated in the Capital Markets Law Article 114 paragraph (1), Article 111 paragraph (2) letter b which requires issuers to provide compensation to investors who are harmed due to the issuer's errors or negligence.

KEYWORDS:

Legal Protection of Investors, Issuers,Bailout Investor.

REFERENCES

A. Books

1) Adrian Sutedi, Sharia Capital Market Financial Investment Means Based on Principles Sharia, (Jakarta: Sinargrafia, 2011)

2) Adrian Sutedi, Legal Aspects of the Financial Services Authority, (Jakarta: Reach the Hope of Success, 2014)

3) Eduardus Tandelilin, Investment Analysis and Portfolio Management, (Yogyakarta: Bineka Cipta 2001)

4) M. Irsan Nasarudin, Legal Aspects of the Indonesian Capital Market, (Jakarta: Kencana, 2004)

5) Sentosa Sembiring, Commercial Law, (Jakarta: Citra Aditya Bakti, 2006)
B. Law


1) Law of the Republic of Indonesia Concerning Capital Markets, Law Number 8 of 1995 POJK No. 1/POJK.07/2013 concerning Consumer Protection in the Financial Services Sector POJK Number 1/POJK.07/2013
C. Journal


1) Agus Raharjo, "Effectiveness of Investor Protection Funds in Protecting Investor Rights", Journal of Business Law, Vol. 32 No. 3, September 2019

2) D A. Purboningtyas & A. Prabandari, "Legal Protection for Indonesian Capital Market Investors by the Securities Investor Protection Fund", Jurnal Notarius, vol. 10, no. 1

3) Firdaus, Rachmat, and Maya Puspa. Capital Market Law in Indonesia. (Jakarta: Prenada Media, 2019

4) F H. Patrianto & D. Hartono, "Legal Aspects of Insider Trading Practices Against Investors in the Capital Market in Indonesia", Journal of Legal Sciences, vol. 7, no. 1

5) Ira Instantia Effendi, "Legal Protection for Investors in the Indonesian Capital Market", Journal of Law and Development 48, no.3 (2018)

6) Capital Market Investors", Journal of Law and Capital Markets, Vol. 7 No. 1, March 2017 Rizky Ramadhan, "Legal Analysis of Legal Protection for Investors from Windows Dressing Practices by Issuers", USU Law Journal, Vol. 4, No. 2

7) Sentosa Sembiring, "Legal Responsibility of Issuers for Investor Losses in the Capital Market", Journal of Mimbar Hukum 28, no. 3 (2016

8) Yuli Andriansyah, "Investor Protection Funds as a Form of Legal Protection for Capital Market Investors", Journal of Law and Capital Markets, (Vol. 7 No. 1, March 2017)
D. Website


1) Budi Kurdi, “Polishing Financial Reports, GIAA Management Accused of "Window Dressing", accessed from https://www.indopremier.com/ipotnews/newsDetail.php?jdl=

2) Dian Eka Rahayu, "Analyst Predicts Window Dressing Will Occur at the End of 2023", Kontan, 29 November 2023 https://investasi.kontan.co.id/news/analis predicts-window-dressing-will-terjadi-di-akhir-tahun-2023

3) Irvin Avriano Arief, “Oh my gosh! Three Pillars Called the IDR 4 T Financial Bubble” Retrieved fromhttps://www.cnbcindonesia.com/market/20190327082221-17-63104/astaga-tiga-pilarbesar-gelembungkan-keuangan-rp-4-t

4) Principles on Financial Consumer Protection, Bank Indonesia, https://www.bi.go.id/id/publikasi/peraturan

5) Rizky Fauzi, “Window Dressing Stocks & Its Impact on Investors”, Qoala Indonesia, 23 December 2023, https://www.qoala.app/id/blog/manajemen-aset/window-dressingsaham

Volume 07 Issue 02 February 2024