Abstract:
PT Universal Broker Indonesia Sekuritas (“PT UBIS”) as a member of the Indonesia
Stock Exchange (“IDX”) has been given suspension by IDX for failing to meet the
minimum Adjusted Net Working Capital (“ANWC”) requirement and filed a lawsuit
against IDX because of false examinations result causing losses to PT UBIS. The purpose
of the research is to determine the suspension are in accordance to applicable laws and
the legal protection to PT UBIS’s consumers that may suffers losses due to the suspension.
The research are done using the normative juridical methods by examining the existing
regulations. IDX did not committed unlawful act regarding the suspension, because, the
examination results are indeed in accordance with the legal facts and the consumers of
PT UBIS are given legal protection for its potential losses. PT UBIS is proven to have
failed fulfilling the minimum ANWC and should give legal protection to its consumers.
