OJK Urges Young People Not To Invest Their THR On Illegal Platforms

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JAKARTA - The Financial Services Authority (OJK) urges young people to always be aware of illegal investment platforms if they want to invest the holiday allowance (THR) they get.

"In order not to be included in various fraudulent schemes, always remember the 2L principle, namely legal and logical," said Chief Executive of the Behavior Supervisory of Financial Services Business Actors, Education, and Protection of OJK Consumers Friderica Widyasari Dewi in Jakarta, quoted from Antara, Wednesday, April 3.

He said the public should be suspicious of excessive investment offers and seem very good (too good to be true). If you are worried, the public can check the legality of the investment platform by contacting the OJK call center in 157.

So far, his party has received various complaints from the public regarding investment offers through advertisements that offer fixed returns on condition that potential investors must work on certain missions, attract new members (member get members), or deposit certain amounts of money (money games).

"Then investment offers using the logo and name of the company that has been licensed or called personification are also found on social media platforms such as on Telegram," said Friderica.

In addition to illegal investment platforms, he also stated that there were illegal loan or funding offers.

He also encouraged the younger generation to learn to manage finances and investment through various modules provided at the Financial Education System Learning Management (LMSKU) OJK.

Although now the number of investors under 30 years of age has reached 56.29 percent, Friderica said that there are still many young people who act consumptively and are in debt on online loan platforms (pinjol) and buy now, pay later (BNPL).

He stated that this is the current concern of the OJK so that loan financing products and BNPL can be used positively and does not make users tend to be dependent and consumptive.

"We continue to socialize this to young people in Indonesia so that they start to like to save and invest, and only use loan platforms and BNPL for truly productive or urgent needs," he said.