OJK: No More Room for Stock Price Manipulation

The Financial Services Authority (OJK) is continuing its supervisory and enforcement efforts in the Indonesian capital market industry. Hasan Fawzi, Chief Executive of Capital Market, Derivative Finance, and Carbon Exchange Supervision at OJK, reminded market participants to comply with the prevailing rules and regulations. This warning comes as the OJK has recently issued regulations for financial information providers, also known as financial influencers or finfluencers. “There is no more room to win through price manipulation, the creation of misinformation intended for unilateral gain, or what is known as coordinated trading and baseless information,” he stated at the Indonesia Stock Exchange (BEI) building in Jakarta on Tuesday (30/6/2026). The OJK hopes that influencers will behave positively and genuinely educate their followers, in addition to providing facts and analysis based on their field of expertise that can be accounted for in accordance with their certifications. He said that if market integrity can be continuously improved, the capital market industry will obtain a trust dividend, an economic benefit that emerges when the level of trust in the market increases 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, with sustainable value creation as the goal,” he said.