JAKARTA - The Financial Services Authority (OJK) reported that as of March 31, 2026, it had imposed administrative sanctions in the form of fines on violators in the capital market with a total fine imposed of IDR 96.33 billion against 233 parties.
The Head of the Capital Market, Derivatives Finance, and Carbon Exchange Supervisory Board of OJK, Hasan Fawzi, said this step was taken as part of efforts to create legal certainty and maintain order in the Indonesian capital market.
"We remind and convey again that OJK has never hesitated to provide legal certainty and has imposed administrative sanctions, during this year until March 31, 2026 with a total fine of Rp. 96.33 billion to no less than 233 parties," he said in a press conference at the Indonesia Stock Exchange (IDX) Building, Thursday, April 2.
Hasan said that some of the sanctions came from cases of market manipulation or stock goreng practices, namely for this violation, the total fine imposed amounted to IDR 29.3 billion.
"The handling of cases directly related to market manipulation conditions, which is often a concern for all parties, this even amounts to Rp. 29.3 billion," he said.
He emphasized that OJK would continue to enforce the law consistently and the imposition of sanctions is expected to increase the discipline of market participants, strengthen healthy trading practices, and maintain the integrity of the overall market.
"We will continue this step, we continue, we present, and it will be an important part of our efforts to continue to present market discipline, market integrity, good market conduct, and ultimately we hope to restore confidence in our capital market. Especially from our investors," he concluded.
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