KETIDAKADILAN INFORMASI DENGAN ADANYA PRAKTIK INSIDER TRADING PADA PASAR MODAL INDONESIA
DOI:
https://doi.org/10.32662/golrev.v5i1.2119Keywords:
Capital market, Insider Trading, InvestmentAbstract
This paper shed a light on the discussion of the practice of insider trading in the Indonesian capital market. In view of the fact that Law Number 8 of 1995 concerning the Capital Market does not provide a clear definition of insider trading. Trading activities are carried out by insiders who use only information obtained from insiders in their trading activity. Insider trading is one of the capital market crimes that has significant negative effect on a wide range of stakeholders. The method used in this research is legal research, namely legal science activities in order to find legal issues faced by using legal identification and reasoning. This study uses normative jurisprudence because in this study it is necessary to study the legal sources that regulate insider trading and the principle of information disclosure in the Capital Market in Indonesia. The existence of insider trading causes unfair information that is only obtained by a certain number of people with the aim of obtaining profits that are not their rights. It can be said that the main element of insider trading is the presence of insiders who have information that has not been published. The practice of insider trading is a violation of the principle of openness in the capital market. Although the purpose of the principle of information disclosure itself is to ensure transparency in the capital market, it does not rule out the possibility that insider information or insider trading can provide information that should not have been published to the public and this can be misused so that it can result in losses in the capital market.
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