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"Pasar Modal suatu negara merupakan salah satu indikator positif dari perbaikan perekonomian nasional, karena pasar modal menjalankan dua fungsi: sebagai sarana bagi perusahaan untuk mendapatkan modal dari masyarakat pemodal (investor); dan sebagai sarana atau tempat bagi masyarakat untuk berinvestasi. Prinsip keterbukaan, pertanggung jawaban, jaminan kepastian hukum dan perlindungan investor, merupakan ciri pasar modal yang bersifat universal, hal ini terkait tingginya risiko investasi di Pasar Modal. Dana Pensiun merupakan salah satu investor besar pasar modal. Dana yang berasal dari Dana Pensiun masuk kategori dana jangka panjang. Program pensiun adalah program yang memberikan kesinambungan pendapatan di hari tua kepada peserta program. Penyelenggaraan Dana Pensiun mempunyai aspek sosial: memberikan kompensasi melalui program kesejahteraan pada saat seseorang memasuki masa pensiun; aspek psikologi: memberikan rasa aman yang mempengaruhi kepuasan dan motivasi kerja karyawan; dan aspek ekonomi: menghimpun dana masyarakat, menjadikan Dana Pensiun sebagai sumber dana yang potensial untuk membiayai pembangunan. Pengembangan kekayaan Dana Pensiun harus sesuai dengan Arahan Investasi dan peraturan perundang-undangan yang melingkupi Dana Pensiun. Penelitian ini mencoba menjawab permasalahan mengenai perilaku Perusahaan Efek terhadap nasabahnya yang adalah sebuah Dana Pensiun, terkait Kontrak Pembukaan Rekening Efek Reguler. Apakah transaksi dilaksanakan sesuai kontrak yang ditandatangani, apakah hutang yang timbul adalah pasti menjadi tanggungjawab nasabah, dan apakah jual paksa dapat dilaksanakan berdasarkan Kontrak Pembukaan Rekening Efek Reguler.

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A nation's capital market is one of the positive indicators of national economic improvement, both macroecomic and microeconomic. Improvement could happen because the capital market has two functions: first, as a mean for companies to earn capital from investor; second, as a mean or place for society/the public to invest on Disclosure, accountability, legal assurance and investor's protection, are capital market's universal characteristics, which are related with its high risk investment.

Pension Fund is one of the big investors in capital market. Taken from its nature, Pension Fund falls in long term fund. Pension program is a program that gives the benefit of income continuity when its participants enter their old age. The implementation of Pension Fund has social aspect: to give compensation through welfare program when one is entering pension year; psychological aspect: to give a secure feeling and as one of the factors that affects employee's satisfaction and work motivation in order to make them more loyal; and economic aspect: to gather public fund and make Pension Fund as a potential source to fund country's development. The strategy to develop Pension Fund's running assets has to be in accordance to investment referrals and laws which covers Pension Fund.

This research attempts to answer questions on the behavior of the Securities Company to its customers which is a Pension Fund, Account Opening Contract related Regular Securities, Implementation mechanism of the contract according to Bapepam rules, whether the debt incurred is definitely the responsibility of the customer, and whether the forced sale can be carried out under Contract Opening of Regular Securities."

"Pokok permasalahan yang dibahas dalam tulisan ini adalah bagaimana fasilitas marjin diberikan melalui perjanjian antara perusahaan efek dengan nasabahnya, kewenangan Bapepam-LK menyelesaikan sengketa yang timbul dari perjanjian marjin, dan bagaimana Badan Arbitrase Pasar Modal Indonesia (BAPMI) menyelesaikan sengketa yang timbul dari perjanjian marjin antara Ronny Susanto dan PT. Mandiri Sekuritas. Metode penelitian yang digunakan adalah penelitian yuridis normatif. Hasil penelitian menemukan bahwa perjanjian marjin antara Ronny Susanto dan PT Mandiri Sekuritas melanggar Peraturan Bapepam-LK No. V.D.6 Tahun 1997, adanya kekeliruan Bapepam-LK dalam menerapkan kewenangannya dengan tidak menjatuhkan sanksi kepada PT. Mandiri Sekuritas, dan Putusan BAPMI yang lebih mengutamakan keadilan dan kepatutan ketimbang hukum yang berlaku dalam menyelesaikan sengketa tersebut.

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The main issue discussed in this paper is how the margin facility provided through an agreement between the securities company and its customer, Bapepam-LK authorization to settle disputes arising from the margin agreement, and how the Indonesian Capital Market Arbitration Board (BAPMI) settle the disputes arising from the margin agreement between Ronny Susanto and PT. Mandiri Sekuritas. The method used is a normative juridical research. The results found that the margin agreement between Ronny Susanto and PT Mandiri Sekuritas has violated Bapepam-LK Rule No. V.D.6 Year 1997, there is a negligence by Bapepam-LK in applying its authority by not give any sanction to PT. Mandiri Sekuritas, and a vonnis of BAPMI who prefers fairness and propriety rather than the existing law, in resolving the dispute."

"Skripsi ini membahas mengenai analisis perlindungan hukum pemegang saham minoritas pada transaksi benturan kepentingan PT. Karwell Indonesia, Tbk. Putusan oleh mayoritas dalam RUPS tidak selamanya fair bagi pemegang saham minoritas dikarenakan prinsip majority rule dan one share one vote. Hal ini yang seringkali merugikan kepentingan pemegang saham minoritas meskipun pengambilan suara diambil dengan cara demokratis. Skripsi ini disusun dengan metode penulisan hukum normatif untuk menghasilkan data yang bersifat deskriptif analitis. Hasil penelitian menyimpulkan bahwa perlindungan pemegang saham tidak diterapkan baik oleh Direksi karena menyalahi prinsip fiduciary duties dan statutory duty. Hal ini dilihat dari pelanggaran terhadap hak pemegang saham minoritas yaitu tidak dilakukannya penilaian, tidak dilakukannya keterbukaan informasi segera setelah transaksi, dan tidak dilakukan RUPS Independen. Di sisi lain, BAPEPAM-LK melalui kewenangannya telah melindungi kepentingan pemegang saham minoritas dengan memberikan sanksi denda administratif.

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This thesis discusses concerning analysis law protection of minority shareholders in conflict of interest transaction of Karwell Indonesia, Public Company. The decision by the majority shareholders in the General Meeting Shareholders (“GMS”) is not always fair for minority shareholders because of the principle of majority rule and one share one vote. This thesis organized by normative legal writing methods to generate data that is descriptive anlytical. The proceed of research conclude that shareholders protection is not implemented by Board of Director because violation of the principle of fiduciary duty and statutory duty. It is seen from violation of the rights of minority shareholders is not doing apraisal, did not commit the disclosure of information immediately after transaction, and not done Independent GMS. On the other hand, Capital Market and Financial Institution Supervisory Agency has been protecting the interest by an administrative penalty."

"ABSTRACTBy virtue of Law Number 11 Year 1992 on Pension Fund, the provision stating that the Pension Fund is the legal body both in private sector and public sector serves as the only legal basis for implementing the pension program. In order to build up the funds collected by the Pension Fund in the form of the premium obtained from the members of the Pension Fund and the Employer which is managed to obtain a return which ultimately will be given back to all Pension Fund members, the Pension Fund receives the facility from government in the form of the entire tax exemption pursuant to Law Number 17 Year 2000 on Income By virtue of Law Number 11 Year 1992 on Pension Fund, the provision stating that the Pension Fund is the legal body both in private sector and public sector serves as the only legal basis for implementing the pension program. In order to build up the funds collected by the Pension Fund in the form of the premium obtained from the members of the Pension Fund and the Employer which is managed to obtain a return which ultimately will be given back to all Pension Fund members, the Pension Fund receives the facility from government in the form of the entire tax exemption pursuant to Law Number 17 Year 2000 on Income Tax in conjunction with Decree of the Minister of Finance - the Republic of Indonesia Number 651/KMK.04/1994 on Certain Capital Investment Sectors which Generate Income for the Pension Fund which is not classified as the Object of Income Tax; however, to obtain the facility, the Pension Fund has legal obligation which must be observed and fulfilled properly, such as the provisions in making investment pursuant to the Decree of Minister of Finance - the Republic of Indonesia Number 511/KMK.06/2002 on Pension'Fund Investment and other regulations which have been designated by the Government, which control the Pension Fund, especially; The Pension Fund of Jiwasraya Employer (Dana Pensiun Pemberi KerjaIDPPK Jiwasraya).In writing this thesis, the type of the research conducted is normative descriptive legal research. The normative descriptive research in this thesis tends to be a case study, which is conducted pursuant to the consideration that the writer will elaborate the analysis systematically on the provision of the Pension Fund Law and other regulations which regulate the Pension Fund, i.e. which control the direction of the investment, and the imposition of tax as well as the facility of the entire tax exemption which is obtained by the Pension Fund, which is related to the Taxation Law on taxation aspect and provision in the Pension Fund, in its implementation by DPPK Jiwasraya, as a legal subject in this research, which is also analyzed based on the primary data from the interview result."

"Skripsi ini membahas mengenai fasilitas pembiayaan transaksi marjin yang diberikan oleh perusahaan efek terhadap nasabahnya Transaksi marjin ini mempunyai mekanisme tersendiri yang telah diatur didalam Peraturan Bapepam LK No V D 6 Tahun 2008 Berdasarkan penelitian yang bersifat deskriptif analitis ini ditemukan adanya pelanggaran didalam mekanisme transaksi marjin terutama didalam mekanisme penjualan paksa force sell Pelanggaran tersebut berdampak merugikan berbagai pihak seperti investor dan perusahaan efek dan juga Bapepam LK selaku pengawas di bidang Pasar Modal Hasil dari penelitian menunjukan bahwa terhadap kerugian yang ditimbulkan oleh perusahaan efek atas pelanggaran yang dilakukan dapat diminta pertanggungjawabannya sesuai dengan peraturan perundang undangan yang berlaku.

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This thesis discuss about margin trading facility which provided by Securities Companies for their investor Margin trading has its own mechanism which regulated in Bapepam LK Regulation No V D 6 year 2008 Based on this descriptive analytical study author has found violation in margin trading mechanism especially in force sell mechanism That violation make disadvantage to some parties such as investor Securities Company and Bapepam LK as the regulatory organization in Indonesia capital market The results of research has shown that the losses incurred by Securities Company in margin trading can be held responsible in accordance with the legislation in force."

"Peningkatan manfaat pensiun adalah suatu hal yang diinginkan oleh para pensiunan. Peningkatan manfaat pensiun ini sangat membantu dalam kehidupan sehari-harinya. Dana Pensiun PLN sebagai tempat dimana para pensiunan menjadi peserta diharapkan dapat merealisasikan keinginan tersebut. Meningkatkan manfaat pensiun tidak bisa begitu saja dapat dilakukan, ada alasan-alasan yang harus dipertimbangkan. Keputusan untuk melakukan penyesuaian rumusan besar Manfaat Pensiun juga harus memperhatikan kesesuaian asumsi-asumsi aktuaria dengan realita yang ada. Banyak hal-hal yang harus diperhatikan Dana Pensiun PLN sebelum mengambil keputusan untuk menaikkan Manfaat Pensiun, seperti Kekayaan untuk pendanaan Dana Pensiun PLN, Kewajiban Solvabilitas, Kewajiban Aktuaria, Rasio Pendanaan, Rasio Solvabilitas, dan Kualitas Pendanaan Dana Pensiun PLN.

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The Increasing pension benefits is the thing that the pensioner wanted. The Increasing pension benefits is very helpful in daily life. PLN Pension Fund as a place where retirees become participants is expected can be reach that wishes. To increase pension benefits can not be done like that, there must be a reasons to considered. The decision to make a adjustment of formula Pension benefits should also consider the suitability of Actuarial assumptions with the reality. There is so many things that PLN Pensions must be considered before making a decision to increase pension benefits, such as wealth of funding Pensions PLN, Solvability Liability, Actuarial Liability, Funding ratio, Solvability ratio, and the Quality of Funding Pensions PLN."

"Sebagai perusahan yang berkembang diindustri media informasi seperti televisi, radio dan media cetak, PT.Media Citra Nusantara Tbk (PT.MNC), selanjutnya melakukan suatu langkah corporate action yaitu melakukan penawaran umum atas saham miliknya melalui pasar modal di Indonesia pada tanggal 15, 18 dan 19 Juni 2007. Adapun jumlah dana yang akan terserap sebesar Rp3.712.500.000.00 (tiga triliun tujuh ratus dua belas miliar lima ratus juta rupiah) dengan harga penawaran saham dalam prospektus sebesar Rp900.00 (Sembilan ratus rupiah). Penawaran umum yang dilakukan oleh PT.MNC ini kemudian mendapat sambutan yang baik oleh para investor dengan membeli saham PT.MNC tersebut, namun ada seorang investor yang merasa dirugikan atas pembelian saham PT.MNC tersebut, dimana investor tersebut menggangap telah terjadi pelanggaran dalam prinsip keterbukaan informasi pada prospektus yang dibuat oleh PT.MNC yang mengakibatkan turunnya nilai saham PT.MNC. Selanjutnya oleh investor dilakukan gugatan melalui Pengadilan Negeri Jakarta Pusat pada tahun 2011. Dalam bahasan tulisan ini, akan dibahas apakah penawaran umum PT.MNC telah sesuai dengan peraturan perundangan yang berlaku, serta apa yang dimaksud dengan suatu prospektus yang menyesatkan di Pasar Modal dan bagaimana cara investor mendapatkan perlindungan hukum akibat prospektus yang menyesatkan.

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As a company that develops information media such as television, radio and printing media media, PT.Media Nusantara Citra Tbk(PT.MNC), perform a step further corporate action is to do his initial public offering of shares through the capital market in Indonesia on the 15th, 18th and June 19th, 2007. The amount of funds that will be absorbed by Rp3.712.500.000.00 (three trillion seven hundred and twelve billion five hundred million rupiahs ) at the offering price of shares in the prospectus is Rp900.00 (Nine hundred rupiahs). Initial Public Offering made by this PT.MNC then received a good reception by investors to buy shares of PT.MNC on this Initial Public Offering, but there is an investor who feels aggrieved over PT.MNC purchase of shares, where this investor consider there is a breach in the principle of full disclosure information in the prospectus prepared by PT.MNC resulting drop in share value of PT.MNC. This Investor then conducted a lawsuit to Central Jakarta District Court in 2011. In the discussion of this paper, we discuss whether PT.MNC Initial Public Offering in accordance with existing regulations, as well as what is meant by a misleading prospectus in the Capital Market and how investors obtain legal protection due to a misleading prospectus."