Several embezzlement of investors' assets cases occured in Indonesia Capital Market Industry. For example, PT Sarijaya Securities, PT Antaboga Delta Securities, and many more. The public investor disadventaged by the securities companies confessing a lesson they learned from such accident and even a reason not to invest their asset in capital market any further. Most of them feel unsecured and unprotected, so that it becomes the reason why the local investor has not been significantly increased for the last ten years. Such condition trigger the establishment of investor protection fund.