{
    "success": true,
    "data": {
        "id": 1302806,
        "msgid": "share-trader-fined-rp-100m-1447893297",
        "date": "2000-05-30 00:00:00",
        "title": "Share trader fined Rp 100m",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Share trader fined Rp 100m JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) said on Monday it fined local capital market trader James Rachmat Subekti Rp 100 million (about US$11,765) for market manipulation. James was implicated in jacking up the price of the preferred shares issued by PT Mas Murni on the Jakarta Stock Exchange (JSX) in April, the agency said. PT Mas Murni issued Rp 2 million preferred shares in April this year.",
        "content": "<p>Share trader fined Rp 100m<\/p>\n<p>JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam)<br>\nsaid on Monday it fined local capital market trader James Rachmat<br>\nSubekti Rp 100 million (about US$11,765) for market manipulation.<\/p>\n<p>James was implicated in jacking up the price of the preferred<br>\nshares issued by PT Mas Murni on the Jakarta Stock Exchange (JSX)<br>\nin April, the agency said.<\/p>\n<p>PT Mas Murni issued Rp 2 million preferred shares in April<br>\nthis year. To the market's astonishment, the price of these<br>\npreferred shares quickly surged over 1,000 percent following its<br>\ninitial listing.<\/p>\n<p>The JSX suspected that the price of Mas Murni preferred shares<br>\nwere formed not through a normal market mechanism, but by an<br>\nartificial price.<\/p>\n<p>Bapepam is also investigating nine other securities companies<br>\nrelated to the preferred share trading.<\/p>\n<p>The companies are PT Sucorinves Sentral Gani, PT Bomar<br>\nSecurities, PT Trimegah Securindo Lestari, PT Harita Kencana<br>\nSecurities, PT Dongsuh Kolibindo Securities, PT Saridaya Persada<br>\nSekuritas, PT Kim Eng Securities, PT Asjaya Indosurya Securities<br>\nand PT Danpac Sekuritas. (udi)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/share-trader-fined-rp-100m-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}