MARKET MANIPULATION ON THE INDONESIAN STOCK EXCHANGE BY MARKET MAKER: INVESTOR PROTECTION?

Authors

  • Edson Jonkarlo Universitas Internasional Batam
  • Lu Sudirman, Universitas Internasional Batam
  • Hari Sutra Disemadi Universitas Internasional Batam

DOI:

https://doi.org/10.23887/jkh.v8i1.44061

Keywords:

Bursa Efek, Market Maker, Perlindungan Hukum

Abstract

Dewasa ini, peran Market Maker sangatlah penting bagi terciptanya likuiditas dalam transaksi perdagangan yang diatur sesuai dengan kebijakan masing-masing negara. Transaksi yang biasa terjadi di bursa efek, baik itu di bursa saham Indonesia atau di bursa efek lainnya, tidak semua transaksi tersebut murni dilakukan oleh investor ataupun trader. Bisa dikatakan, ada semacam transaksi yang dilancarkan oleh segelintir orang dengan alasan atau kepentingan lain, selain hanya sekedar menjual atau membeli saham. Penelitian ini bertujuan untuk mengetahui bagaimana cara Market Maker dalam mempengaruhi suatu harga saham serta bentuk perlindungan yang akan didapatkan investor. Metode penelitian yang digunakan merupakan jenis penelitian hukum normatif yang menggunakan data sekunder atau bahan pustaka. Berdasarkan hasil penelitian, Market Maker memiliki tiga tahapan tahapan kerja yaitu tahapan akumulasi, partisipasi dan distribusi yang dimana perlindungan hukum terhadap investor yang tercantum dalam Undang-Undang Pasar Modal No. 8 Tahun 1995 yang dimana telah sesuai dengan teori perlindungan hukum.

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Published

2022-01-27

How to Cite

Jonkarlo, E., Sudirman, L., & Disemadi, H. S. (2022). MARKET MANIPULATION ON THE INDONESIAN STOCK EXCHANGE BY MARKET MAKER: INVESTOR PROTECTION?. Jurnal Komunikasi Hukum (JKH), 8(1), 219–232. https://doi.org/10.23887/jkh.v8i1.44061

Issue

Vol. 8 No. 1 (2022): Februari; Jurnal Komunikasi Hukum

Section

Articles

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Authors who publish with this journal agree to the following terms:

    1. Authors retain copyright and grant the journal right of first publication, with the work [SPECIFY PERIOD OF TIME] after publication simultaneously licensed under aCreative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
    2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
    3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).