Securities firms fined

Securities firms fined

JAKARTA (JP): The Capital Market Supervisory Agency has
ordered 16 securities companies to pay total fines of Rp 3.3
million (US$1,480) for being late in delivering their 1994
financial and capital reports.

The agency said in a statement yesterday that the companies
include PT Merilindo Perkasa Sekuritas, PT Standard Chartered
Indonesia, PT Piranti Ciptadhana Amerta Securities, PT Multidana
Sekurindo, PT Prima Securities Indonesia, PT Bumi Daya Sekuritas,
PT Moran Grenfeel Asia Indonesia, PT Putra Saridaya Persada
Sekuritas, PT Aspac Uppindo Sekuritas and PT Artha Gitasejahtera
Sekuritas.

The companies being fined also include PT Layang Mega, PT
Lemganda Sekuritas, PT Henan Putihrai, PT Danasakti Securities,
PT Dwipanca Rezeki and PT Mahakarya Artha Securities.

According to a Capital Market Supervisory Agency regulation, a
securities company is fined Rp 25,000 for each day it is overdue
in delivering its annual financial report, and Rp 10,000 in
filing its annually adjusted capital report.

The agency also said yesterday that it has issued a license to
a new securities company, PT Dinar Sekuritas. (riz)