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Original Research

LAW ENFORCEMENT INSIDER TRADING IN THE INDONESIAN CAPITAL MARKET

M. SABILUL ALIF 1, BUDI SANTOSO 2, and DARMINTO HARTONO 3.

Vol 18, No 07 ( 2023 )   |  DOI: 10.5281/zenodo.8241021   |   Author Affiliation: Doctoral Program in Law, Faculty of Law, Diponegoro University, Jl. Prof. Soedarto, SH., Tembalang, Semarang 1,2,3.   |   Licensing: CC 4.0   |   Pg no: 2573-2582   |   Published on: 31-07-2023

Abstract

This study aims to analyze law enforcement of insider trading in the Indonesian capital market. The research method used is juridical normative with a statutory approach. The results showed that Insider Trading is a practice where corporate insiders conduct securities transactions (trading) using the exclusive information they have (inside non-public information) means any information that is important and can affect the price of securities and the information has not been announced to the public. Insider trading is one of the most sophisticated crimes in the world which is generally carried out in a very complicated mode and is very difficult to track. Regulations regarding insider trading crimes are regulated in Law Number 8 of 1995 concerning Capital Markets and Law Number 21 of 2011 concerning the Financial Services Authority, expected to resolve alleged Insider Trading cases to the Court and not limited to only providing administrative sanctions to the perpetrators.


Keywords

Law Enforcement, Crime, Criminal Act, Insider Trading, Market, Capital