I'm Tired! Eradicating Illegal Binary Options, OJK Calls Indra Kenz And Other Affiliates

Illustration (Photo: Doc. Antara)

JAKARTA - The Investment Alert Task Force (SWI) spearheaded by the Financial Services Authority is said to have summoned a number of affiliates and influencers suspected of having facilitated binary options products and illegal brokers who are not registered with the Commodity Futures Trading Supervisory Agency (CoFTRA).

Some of the names that have been called include Indra Kesuma (Indra Kenz), Doni Muhammad Taufik, Vincent Raditya, Erwin Laisuman, and Kenneth William. These names are allegedly promoting unauthorized trading training activities for Binomo, Olymptrade, Quotex and Octa FX.

The chairman of SWI Tongam L. Tobing asked the public to be aware of binary options offers and illegal brokers that have the potential to cause harm.

"SWI requests that they stop trading promotion and training activities and remove all trading promotion and training content on their respective social media," he said in a release broadcast today, Friday, February 18.

According to Tongam, recently there have been many investment offers based on websites or applications that must be watched out for because the perpetrators take advantage of public ignorance to deceive.

"Usually they are given the lure of giving very high and unnatural returns, but first the public is asked to place or deposit their funds," he said.

From an internal VOI source, it was stated that the summons were virtually carried out on February 10 and 14 last. Present at the meeting were SWI members from the Criminal Investigation Unit of the Police, OJK, CoFTRA, the Ministry of Trade and the Ministry of Communications and Informatics.

In addition to the binary option issue, SWI in its enforcement activities has also stopped the activities of 21 entities suspected of conducting business activities without permission from the competent authority and potentially harming the community. The entity carries out the following illegal activities:

- 16 Money Game activities

- 3 crypto asset trades without permission

- 2 trading robots trading without permission