Legal Politics of Insider Trading Prevention and Enforcement in the Capital Market

Authors

  • Abraham Ethan Martupa Sahat Marune Universitas Pelita Harapan, Indonesia
  • Arman Universitas Pelita Harapan, Indonesia
  • Glenn Christian Universitas Pelita Harapan, Indonesia
  • Muhammad Randhy Adhitya Putra Pratama Universitas Pelita Harapan, Indonesia
  • Muhammad Fadhil Juliansyah Universitas Pelita Harapan, Indonesia

DOI:

https://doi.org/10.35335/legal.v12i2.782

Keywords:

Capital Market, Insider Trading, Politics of Law, Prevention and Enforcement

Abstract

This research aims to carry out a legal and political review to insider trading acts perpetrators that can be criminally prosecuted however there have been no cases in Indonesia that have reached court or faced criminal sanctions. The formulation of the problem in this study is: How is the legal politics of preventing and prosecuting insider trading in capital market activities in Indonesia? This study uses a normative juridical method or doctrinal legal research method by collecting data from literature studies. Based on the results of the research, legal politics has been implemented properly, namely through prevention and prosecution. The only thing that has not been regulated is regarding sanctions against parties who obtain material inside information passively and without violating the law. It is necessary to have efforts from public companies in implementing Good Corporate Government through risk mitigation or company regulations related to this principle in order to avoid insider trading actions and Goverment need to regulate sanctions against parties who receive material insider information passively and without against the law in order to create a fair legal market.

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Published

2023-06-30

How to Cite

Marune, A. E. M. S., Arman, Christian, G., Pratama, M. R. A. P., & Juliansyah, M. F. (2023). Legal Politics of Insider Trading Prevention and Enforcement in the Capital Market . LEGAL BRIEF, 12(2), 177–186. https://doi.org/10.35335/legal.v12i2.782

Issue

Section

National and International Business Law