A Criminological Review on Cornering the Market Practice in Securities Trading in Capital Market a Study in Indonesia
Dasco Sufm (),
Arsyad Aldyan () and
Pujiyono Pujiyono ()
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Dasco Sufm: Azzahra University Jakarta Indonesia, Postal: ID
Arsyad Aldyan: Universitas Sebelas Maret Surakarta Indonesia, Postal: ID
Pujiyono Pujiyono: Universitas Sebelas Maret Surakarta Indonesia, Postal: ID
Journal of Advanced Research in Law and Economics, 2017, vol. 8, issue 7, 2253-2257
Abstract:
This article regards criminological study on cornering the market practice in securities trading in capital market Cornering the Market can be considered as creating a pseudo or misleading representation because when the actors do their action creates a representation that securities trading seems to be active and to increase dramatically viewed from the condition of trading volume market leading to the increase in the price of securities due to purchasing in large volume and eventually resulting in the decrease due to selling in large volume by the actors of Cornering the Market In Indonesia Cornering the Market practice is a crime the manipulation crime in securities trade It breaks the provision of Articles 91 and 92 of Republic of Indonesia s Law Number 8 of 1995 about Capital Market and Article II 9 of Regulation Number II A about Equity Stock Trading Considering the provision of Article 104 of Law Number 8 of 1995 about Capital Market Cornering the Market practice can be threatened with 10 years imprisonment and fine of IDR 15 000 000 000 00 fifteen billions rupiah
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:srs:jarle0:v:8:y:2017:i:7:p:2253-2257
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