OJK: No More Room for Stock Price Manipulation

The Financial Services Authority (OJK) continues to intensify its supervisory and enforcement efforts within the Indonesian capital market industry. Hasan Fawzi, the OJK Executive Head of Capital Market, Derivatives, and Carbon Exchange Supervision, reminded capital market participants to comply with all applicable provisions and regulations.

Furthermore, the OJK has recently issued new regulations for financial information providers, commonly known as financial influencers or ‘finfluencers’.

“There is no longer any room for winning through price manipulation, the creation of misinformation intended for unilateral gain, or what is known as coordinated trading, as well as unfounded information,” he stated at the Indonesia Stock Exchange (IDX) building in Jakarta on Tuesday (30/06/2026).

The OJK hopes that influencers will behave positively and truly educate their followers by providing facts and analyses based on accountable scientific fields in accordance with their certifications.

According to Fawzi, if market integrity continues to be improved, the capital market industry will reap a ‘trust dividend’—the economic benefits that arise when levels of confidence in the market increase sustainably.

“This is the new era of the Indonesian capital market that we are building together: a market where integrity is no longer just a discourse but must truly become the foundation of trust. We must view it as a strength, where sustainable value creation can be the ultimate goal,” he added.