Legal Protection for Investors Againts Illegal Investment
Keywords:
Illegal Investment, Investment Alert Task Force, Economic GrowthAbstract
This research was conducted with the aim of exploring the rise of fraudulent or illegal investments in Indonesia. The outbreak of fraudulent investment cases in the digital transformation era has harmed many people. There are various types of fraudulent investment modus operandi, including using Ponzi Schemes with cryptocurrency mode, using social media and influencers, and claiming to be an investment company that has been licensed by OJK. The research method used a literature study. The results show that the cause of people becoming victims of illegal investment fraud is not only because they are tempted by the large profits offered, but also the lack of knowledge of victims about the mechanism and workings of investment products. When investing, it should be in a place with clear legality. Investors invest in platforms that are licensed and supervised by regulators in the financial sector. Therefore, it is very important to verify and check the legality of the investment platform. In addition to socializing and educating the public regarding illegal investments, the Investment Alert Task Force also plays a role in preventing unlicensed business activities that have the potential to harm the public. The public is asked to be cautious of illegal investment offers. Investors must understand financial and digital literacy before investing because it is important to prevent investment fraud. Increased financial literacy will increase public knowledge of legal financial products.
Downloads
References
Amanda, S., Noval, S & Herlina. (2022). Law Enforcement Against Money Game Practices with Ponzi Schemes in Illegal Investments in the Tiktok E -Cas Application in Indonesia. Res Nulius Law journal, 4 (1).
Ani, Q., Wulandar, D., & Faizal, L. (2023). Review of Islamic Law and Positive Law on Investment Scheme Ponzi scheme. In ASAS, 14 (2), 40-50. doi:https://doi.org/10.24042/asas.v14i02.13876
Apriani, R. (2019). Legal Sanctions Against the Insurer for Unfulfilled Insurance Claims Based on Positive Law. In Syiar Hukum: Journal of Hu kum Science, 16(1).
Arno, A. K. (2017). The Role of the Financial Services Authority in Supervising Financing Risks in Fraudulent Investments. Al Anwal: Journal of Islamic Economic Law, 2 (1), 85-95.
Asti, N., Putu, M., & Dewi, P. (2020). Legal Efforts of the Financial Services Authority
(OJK) in Overcoming Illegal Online Loan Services. In Acta Comitas, 5 (1). doi:https://doi.org/10.24843/ac.2020.v05.i01.p10
Benuf, K., Mahmudah, & Priyono, E. (2019). Legal Protection of Financial Technology Consumer Data Security in Indonesia. In Refleksi Hukum: Journal of Legal Science, 3 (2), 145-160. doi:https://doi.org/10.24246/jrh.2019.v3.i2.p145 -160
Febriyanto, & Arrie. (2023, April 20). Be Careful Before Investing: Beware of Fraudulent Investments. Huda, M. (2021). Juridical Analysis of Electronic Courts in the Era of Disruption 4.0. Journal of Science Veritas et Justitia Law.
Ibrahim, & Johny. (2013). Theory and Methodology of Normative Legal Research. Malang: Bayumedia. Julia, I., Dewi, A., & Wifyantara. (2021). Legal Protection for Consumers by the Financial Services Authority (OJK) Against Illegal Investment Activities Conducted by Investors. In Journal Legal Construction, 489-494. doi:https://doi.org/10.22225/jkh.2.3.3622
Kusnandar, V. (2022). As Many as 115 Million Indonesians Towards the Middle Class. Retrieved from www.katadata.com: https://databoks.katadata.co.id/datapublish/2022/09/14/sebanyak-115-juta-masyarakat- indonesia-towards-middle-class
Lobo, N. (2021). Supervision in the Cooperation of Commercial Banks and the Implementation of Lending and Borrowing Services Money Based Technology In formation. In Jurist Diction, 4 (6), 2397. doi:https://doi.org/10.20473/jd.v4i6.31851
Lorien, N. (2022). Criminal Law. Journal Komukasi Yustisia, 5 (8). doi:https://ejournal.undiksha.ac.id/index.php/jatayu/article/view/46113
Permata, I. (2020). Consumer Protection in the Banking Financial Services Sector. In SULUH: Journal of Abdimas, 1(2), 122-129. doi:https://doi.org/10.31227/osf.io/496p7
Putra, Z. (2018). Implementation of Pancasila Education as Character Building for Nineteen November Kolaka University Students. Citizenship: Publication Media of Pancasila and Citizenship Education, 1 (1).
Sulhani, S., & Mughni, A. (2022). Addressing the Social Function of Islamic Banking and its Effect on Financial Performance. Journal of Islamic Banking, 3 (2), 85-102. doi:https://doi.org/10.46367/jps.v3i2.737
Syauket, Amelia, & Adawiah. (2022). Investment Protection Law: Binomo Illegal Investment Analysis. Jakarta: CV. Literacy Nusantara Abadi
Takalamingan, F. (2021). The Role of the Financial Services Authority in Supervising and Preventing the Establishment of Illegal Investment Companies in Review of Law Number 21 of 2011. In Lex Et Societais. doi:https://doi.org/10.35796/les.v9i1.32052
Yitawati, K., & Sumanto, H. (2020). Legal Protection of Capital Market Investors in the Bankruptcy of Companies Issuer. In Yustisia Merdeka: Journal Scientific Journal Law, 6 (2). doi:https://doi.org/10.33319/yume.v6i2.58
Zuchroh, I. (2021). Sharia Fintech Collaboration of Technology and Morals as a Financing Instrument in the Future. In Ecoplan: Center For Journal Mana gement and Publication, 4 (2), 122-.130. doi:https://doi.org/10.20527/ecoplan.v4i2.383
Published
How to Cite
Issue
Section
Copyright (c) 2023 Darmawan Wiridin, Zulfikar Putra, Nasrin, Ali Mustafa, Ansyar
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
