Stock Manipulation in Spotlight, OJK Imposes Rp96.32 Billion Fine on 233 Parties
The Financial Services Authority (OJK) has imposed strict sanctions on hundreds of capital market actors. Up to 31 March 2026, 233 parties have been fined a total of Rp96.32 billion.
The Executive Head of Capital Markets Supervision, Derivative Finance, and Carbon Exchange at OJK, Hasan Fawzi, emphasised that this step is part of efforts to strengthen legal certainty in the capital markets industry.
“Throughout this year up to 31 March 2026, the total fines amount to around Rp96.33 billion on no fewer than 233 parties,” Hasan stated, as quoted from Antara on Thursday (2/4).
Of this total, OJK has given special attention to cases of stock price manipulation. The fine value for this type of violation is recorded at Rp29.3 billion.
“The handling of cases directly related to market manipulation, which often attracts attention from all parties, is valued at even Rp29.3 billion,” Hasan said.
In detail, fines of Rp62.78 billion come from case categories, while the remaining Rp33.55 billion stem from administrative violations such as delays or non-case matters.
In addition to fines, OJK has also imposed various additional sanctions. Up to the end of March 2026, the regulator has issued 73 written warnings, four licence suspensions, one licence revocation, two specific actions, and eight written orders or prohibitions.
Hasan affirmed that law enforcement will continue to be strengthened to maintain market integrity and enhance investor confidence.
“This step will be continued as an important part of bringing discipline, market integrity, and good market conduct, as well as restoring investor confidence,” he said.
With total fines approaching Rp100 billion in just three months, OJK is sending a strong signal that violations in the capital markets, especially price manipulation, will be addressed without compromise.
OJK reaffirms its commitment to consistently addressing capital market violations to maintain market integrity and protect investors.