JURIDICAL STUDY OF PT UNIVERSAL BROKER INDONESIA SEKURITAS SUSPENSION BY INDONESIA STOCK EXCHANGE AND ITS CONSUMER PROTECTION

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.