JAKARTA - PT Indo Premier Sekuritas has been sanctioned by the Indonesia Stock Exchange (IDX). In a letter numbered Peng-00010/BEI.ANG/02-2021 dated February 16 which was published today, Tuesday, March 16, it was stated that the owner of the IPOT application received a written warning sanction.
"We hereby announce that the Indonesia Stock Exchange has imposed Written Warning on PT Indo Premier Sekuritas", wrote Director of the Indonesia Stock Exchange, Kristian S. Manullang.
The announcement also stated that the written reprimand was based on an examination of transactions on the stock exchange for the 2020 financial year.
"It is known that the implementation of PT Indo Premier Sekuritas' Margin Transaction activities is not by the provisions related to Margin and/or Short Selling Transactions", added Kristian.
Margin transactions and short selling have been under the spotlight of market players some time ago. The two actions were said to be the culprit for the JCI crash on the Indonesia Stock Exchange when it touched the level below 6,000.
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