TANGGUNG JAWAB KEJAHATAN INSIDER TRADING YANG DILAKUKAN TERHADAP PERDAGANGAN SAHAM DI PASAR MODAL (CONTOH KASUS JOUSKA INDONESIA)
Main Article Content
Abstract
Insider trading is a crime in the capital market which is detrimental to the existence of the capital
market itself. The practice of insider trading is expressly prohibited through Republic of Indonesia’s
Law Number 8 of 1995 concerning the Capital Market which categorizes the practice of insider
trading as a crime. Insider trading is said to be a form of crime because of an unfair position in
trading transactions. Insiders could gain profits and or avoid losses from trading results using their
inside information that af ects trading prices (materials information). Investors who follow an
ef icient market will be disadvantaged because trading has occurred before information about an
issuer is published. Therefore, the law prohibits both company insiders or their partners who have
business relations as well as securities companies who have previously known material information
of a company to properly safeguard the information and not conduct any transactions for personal
gain. In the history of insider trading in Indonesia, there has not been a single case of insider
trading that has been dragged to litigation. In the case of Jouska Finansial Indonesia, there was an
allegation of insider trading practices that harmed his own clients. For these losses, it is hoped that
the party responsible for the losses suf ered by the victims can be determined.
Article Details
![Creative Commons License](http://i.creativecommons.org/l/by-nc-sa/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
A. Buku
Balfas, Hamud M. Hukum Pasar Modal di Indonesia. (Jakarta: Tata Nusa, 2012).
Fuady, Munir. Pasar Modal Modern (Tinjauan Hukum). Buku Kesatu. Cetakan
ke-2. (Bandung: Citra Aditya Bakti, 2001).
Marzuki, Peter Mahmud. Penelitian Hukum. (Jakarta: Prenadamedia Group, 2005).
Nasarudin, Irsan. et.al. Aspek-Aspek Hukum Pasal Modal Indonesia. (Jakarta:
Kencana Prenada Media, 2006).
_____________ dan Indra Surya. Aspek Hukum Pasar Modal Indonesia. (Jakarta:
Prenada Media, 2004).
Nefi, Arman. Insider Trading: Indikasi, Pembuktian, dan Penegakkan Hukum.
(Jakarta: Sinar Grafika, 2020).
Sitompul, Asril. Pasar Modal: Penawaran dan Permasalahannya. (Bandung: Citra
Aditya Bhakti, 1996).
Sunggono, Bambang. Metodologi Penelitian Hukum. (Jakarta: Raja Grafindo
Persada, 2008).
Tumanggor, M.S. Sekilas Pengetahuan Pasar Uang, Pasar Modal, dan
Penanaman Modal di Indonesia. (Jakarta: F Media, 2021).
B. Artikel
Santoso, Rinto Teguh. “Kontrak Pengelolaan Dana (Discretionary Fund) Masalah
dan Solusi”. (Warta Otoritas Jasa Keuangan- LK, 2009).
C. Undang-Undang
Indonesia. Undang-Undang Nomor 8 Tahun 1995 tentang Pasar Modal (Lembaran
Negara Republik Indonesia Tahun 1995 Nomor 64, Lembara Negara
Republik Indonesia Nomor 3608).
_______. Undang-Undang Republik Indonesia Nomor 11 Tahun 2008 tentang
Informasi dan Transaksi Elektronik (Lembaran Negara Republik Indonesia
Tahun 2008 Nomor 58, Tambahan Lembaran Negara Nomor 4843).
_______. Undang-Undang Republik Indonesia Nomor 21 Tahun 2011 tentang
Otoritas Jasa Keuangan. (Lembaran Negara Republik Indonesia Tahun
Nomor 111, Tambahan Lembaran Negara Nomor 5253).
D. Website
Anonim. CNN Indonesia. “Kronologi CEO Jouska Aakar Jadi Tersangka Penipuan
Investasi”.https://www.cnnindonesia.com/ekonomi/20211012101511-92-706520/kron
ologi-ceo-jouska-aakar-jadi-tersangka-penipuan-investasi. Diakses tanggal
Agustus 2021.
Idris, Muhammad. “Kronologi Lengkap Kasus Dana Investasi Jouska Hingga
Diblokir OJK”.
https://money.kompas.com/read/2020/07/25/102351626/kronologi-lengkap-
kasus-dana-investasi-jouska-hingga-diblokir-ojk?page=all. Diakses tanggal
Agustus 2021.
Nasution, Bismar. “Insider Trading”. https://bismarnasution.com/insider-trading/.
Diakses tanggal 5 Agustus 2021.
Sidik, Syahrizal. “Geger Kasus Jouska, Duh... Jangan-Jangan Ada Insider
Trading”.
https://www.cnbcindonesia.com/market/20200814152419-17-179911/geger
-kasus-jouskaduh jangan-jangan-ada-insider-trading. Diakses tanggal 5
Agustus 2021.
E. Wawancara
Lewiandy. Tarumanagara Knowledge Center, UNTAR I, Jakarta Barat.
Wawancara. 18 Oktober 2021.
Nefi, Arman. Whatsapp. Wawancara. 21 Oktober 2021.
Prana, Andreas Eka. Zoom Meeting. Wawancara. 22 Oktober 2021.
Wardhana, Rinto. Whatsapp. Wawancara. 25 Oktober 2021.