Peran Otoritas Jasa Keuangan Terhadap Perlindungan Hukum Bagi Investor Terkait Manipulasi Pasar Di Pasar Modal
Abstract
The Financial Services Authority (OJK) plays a strategic role in protecting investors from market manipulation practices through supervision, law enforcement, and public education. Legal protection for investors related to manipulation in the capital market is regulated in Articles 92 and 93 of Law Number 8 of 1995 concerning Capital Markets. However, as the capital market develops, it has become more than just a place to raise capital but also a venue for various forms of fraud for personal gain, one of which is market manipulation practices that harm investors. This research uses a normative juridical method, using a legislative approach, literature review, and interviews with several sources to support field data. This study aims to identify and explain the OJK's role in legal protection for investors related to market manipulation in the capital market and the forms of legal protection provided to investors harmed by market manipulation in the capital market.The results indicate that the OJK has fulfilled its role in protecting investors from market manipulation through various efforts. One form of legal protection provided by the OJK is the revocation of business licenses. However, the OJK still faces several challenges, such as rapid technological developments and the complexity of capital market transactions. Therefore, the Indonesian government should revise or amend the law governing legal protection for investors harmed by market manipulation.
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Copyright (c) 2026 Wisdaliva Umar, Nancy Silvana Haliwela, Wijaya Natalia Pandjaitan (Author)
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