Development Of The Capital Market Needs To Be Balanced With Investor Protection, OJK: Already A Issue In The World

Screenshot of OJK Board of Commissioners for Education and Consumer Protection Friderica Widyasari Dewi. (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) emphasizes the importance of investor protection and must be a top priority in efforts to develop the capital market in the country.

"If we want to develop a capital market, investor protection must be prioritized. And it turns out that the issue of consumer protection, investor protection is increasingly emerging even throughout the world," said Member of the OJK Board of Commissioners for Education and Consumer Protection Friderica Widyasari Dewi at the 2022 Peak Investor Protection (IPM) Ceremony, quoted by Antara, Friday, October 7.

The woman, who is familiarly called Kiki, also said that one of the main goals of establishing OJK is to protect consumers and the public in the financial services sector. International Forums such as the G20, OECD, and the World Bank have always put forward consumer protection issues and have been an extraordinary movement around the world, including Indonesia.

According to Kiki, there are many cases faced by consumers and the people of Indonesia, one of which is related to prudential. In that case, her party will always coordinate with supervisors, both capital market supervisors, banks, and the non-bank financial industry (IKNB).

"Meanwhile, there are also problems related to market conduct, such as sales that sell not as offered, claim problems, and so on. In essence, let's continue to work together to promote investor protection from all sides," said Kiki.

In the Indonesian capital market, there is a protection agency that is fully supervised by the OJK to provide protection for investor assets through the Capital Protection Fund (DPP), namely the Indonesia Securities Investor Protection Fund (SIF).

The presence of the Indonesia SIPF is expected to provide a sense of security and comfort for investors in investing in the Indonesian capital market. Protection of investor assets is needed because of dependence on securities companies that act for their interests in investing.

Companies or securities agencies that are members of the DPP have the authority to record, store, transfer, use, or report investor asset transactions in the context of transaction activities for investor purposes. However, securities companies can also use these effects for the benefit of companies or employees, which are categorized as fraud.

Therefore, Indonesia SIPF through the DPP program is here to become a protection agency in overcoming investment problems lost due to fraud, thus providing a sense of security and comfort for investors in investing in the domestic capital market.

"SIPF has a history that has always been in my heart. Before I was the director of the stock exchange, I worked around Aceh to Papua to promote the Indonesian capital market. There were two things at that time I saw why the capital market at that time was less developed, one of which was the issue of protecting investors themselves. So at that time every time we promote the capital market, people would definitely ask "can you guarantee it?", "Is it safe?'," said Kiki.