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Capital Market Products and Investor Protection

Author

Listed:
  • Hamzah
  • Aripin Ahmad

Abstract

Consumer protection is an important issue in the commercial domain. In particular, consumer goods and services should receive protection. This study deals with consumer securities protection. Consumer securities protection has been applied in the US because of the financial crisis and fraud. Indonesia has experienced a huge case of financial fraud that involved the Bank Century-Antaboga. This article shows that a separate surveillance on the financial industry weakens, instead of integrating, this particular industry. Moreover, the role of authority is influential in governing the banking-securities industry. The Bank Century-Antaboga case shows a factual absence of disclosure in offering and selling securities instruments. Bapepam-LK should play its role in applying the disclosure principle. Otherwise, the Bank Century-Antaboga case will occur again.

Suggested Citation

  • Hamzah & Aripin Ahmad, 2018. "Capital Market Products and Investor Protection," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 714-727.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:2:p:714-727
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    File URL: https://www.ersj.eu/dmdocuments/2018_XXI_2_55.pdf
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    References listed on IDEAS

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    1. Dodi Permana, 2017. "Toward the Best Model of Strategy Implementation in Indonesian Islamic Banking from the Lens of Strategic Clarity," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 3-15.
    2. Tulus Suryanto, 2016. "Audit Delay and Its Implication for Fraudulent Financial Reporting: A Study of Companies Listed in the Indonesian Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 18-31.
    3. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 2000. "Investor protection and corporate governance," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 3-27.
    4. Kharisya Ayu Effendi & Disman Disman, 2017. "Liquidity Risk: Comparison between Islamic and Conventional Banking," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 308-318.
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    More about this item

    Keywords

    Consumer Protection; Financial Industry; Commercial Domain. JEL code: G21; G29 Read the Full Paper here;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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