OJK Investigates 155 Cases, Most of Which Are Related to Alleged Stock Cooking

JAKARTA - The Financial Services Authority (OJK) is conducting a special examination of 155 cases and of these, 69 cases have been resolved, while 86 other cases are still in the handling stage.

Deputy Commissioner for the Oversight of Capital Market Investment Management and Securities Institutions of the OJK, Eddy Manindo Harahap, revealed that 116 cases were related to stock transactions and trading.

He assessed that the findings indicated that there was still a practice of stock frying which aimed to manipulate price movements.

"This condition confirms that practices that are not in line with the principles of orderly, reasonable, and efficient markets still need to be consistently eradicated," he said in a press conference at the BEI Building, Tuesday, December 30.

Eddy emphasized that this enforcement step was in line with the direction of the Minister of Finance Purbaya Yudhi Sadewa who asked all Self-Regulatory Organizations (SRO) to strengthen supervision and clean up the capital market from manipulative practices.

"OJK emphasizes that it will not tolerate manipulative practices of dummy transactions, nor trading patterns that are detrimental to investors, especially retail investors," he said.

Furthermore, Eddy said that OJK had imposed 120 administrative sanctions for violations, 1,180 administrative sanctions related to delays in reporting, and 65 other administrative sanctions that were non-cases.

He added that throughout 2025, the total value of fines imposed by OJK reached IDR 123.3 billion.

"From these sanctions, OJK has imposed 6 sanctions for revocation of permits, 6 written orders, and 329 written warning sanctions with the imposition of administrative fines with a total fine value of Rp. 123.3 billion," he said.