JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) has\naffirmed its commitment to safeguarding the integrity of the capital\nmarket by imposing administrative sanctions on hundreds of violators,\nincluding cases of stock price manipulation or \u201cgorengan\u201d stocks.<\/p>\n
As of 31 March 2026, the total fines amount to Rp 96.33 billion\nimposed on 233 parties.<\/p>\n
The Executive Head of the Capital Market, Derivatives Finance, and\nCarbon Exchange Supervisory Division of OJK, Hasan Fawzi, stated that\nthis measure aims to maintain legal certainty and market discipline.<\/p>\n
\u201cUp to 31 March 2026, with total fines reaching Rp 96.33 billion on\nno less than 233 parties,\u201d said Hasan during a press conference at the\nIndonesia Stock Exchange building in Jakarta on Thursday (2\/4\/2026).<\/p>\n
\u201cThis includes handling cases directly related to market manipulation\nconditions, which have often been a concern for all parties; the figure\nfor this even amounts to Rp 29.3 billion,\u201d he explained.<\/p>\n
OJK emphasises that law enforcement will continue to be carried out\nto maintain investor trust and create healthy market behaviour.<\/p>\n
\u201cWe remind and reiterate the information that OJK never hesitates to\nprovide legal certainty and has imposed administrative sanctions\nthroughout this year,\u201d Hasan added.<\/p>\n
Supervision is now conducted using a technology-based system. OJK and\nthe Indonesia Stock Exchange utilise a smart surveillance system to\nmonitor transactions in real-time.<\/p>\n
\u201cSo now there is a system in place, both at OJK and especially at the\nIndonesia Stock Exchange, which is the surveillance system, called the\nsmart surveillance system,\u201d said Hasan during the CNBC Indonesia Market\nOutlook 2026 on Tuesday (3\/3\/2026).<\/p>\n
Once an alert appears, the immediate action mechanism is directly\nimplemented. The exchange can promptly request exchange members to\ninvestigate indicated transactions.<\/p>\n
The supervision of securities transactions is the primary function of\nthe exchange, with oversight from OJK as the regulator.<\/p>\n
\u201cSo there is one primary function at the exchange that we emphasise\nin OJK\u2019s regulations: the supervision of securities transactions or\ntrading on the exchange is the primary function that must be carried out\nby the Indonesia Stock Exchange, of course, together with OJK in this\nregard,\u201d he explained.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/new-ojk-system-targets-stock-manipulation-fines-reach-rp-96-33-billion-1775130722", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }