Capital Market Products and Investor Protection

Hamzah and Aripin Ahmad

European Research Studies Journal, 2018, vol. XXI, issue 2, 714-727

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.

Keywords: Consumer Protection; Financial Industry; Commercial Domain. JEL code: G21; G29 Read the Full Paper here (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxi:y:2018:i:2:p:714-727

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