OJK's Crackdown on Stock Price Manipulation
Investigating 155 Cases of Suspected Market Abuse
The Indonesian Financial Services Authority (OJK) has taken a significant step in maintaining the integrity of the capital market by investigating 155 cases of suspected market abuse 12. These cases, which include 116 related to stock trading 12, are part of the OJK's efforts to prevent practices that disrupt the orderly, fair, and efficient functioning of the market.
Resolving Cases and Maintaining Investor Confidence
As of the latest update, 69 cases have been resolved 12, while 86 cases are still under investigation 12. This proactive approach by the OJK is crucial in protecting investor confidence and ensuring that the capital market operates in a fair and transparent manner. The OJK's Deputy Commissioner for Supervision of Investment Management and Securities, Eddy Manindo Harahap, emphasized the importance of consistent and sustained efforts to eradicate practices that are not in line with the principles of an orderly, fair, and efficient market 12.