Business · Markets · 1 hr ago
Indonesia’s OJK Warns Investors to Stop Stock Manipulation
Indonesia’s financial regulator warned investors to stop manipulating stocks in the country’s capital market.
OJK chair Friderica Widyasari Dewi said practices such as coordinated trading and wash trading must not happen again.
These practices can distort trading and damage trust in the market.
Friderica said about 33 million retail investors have put money into the market, making their interests a concern.
She urged people to judge the market by the economy and listed companies’ financial results, which she said showed growth in profits and revenue.
OJK is also pursuing governance reforms, including adding independent members to a committee focused on high shareholding concentration.
The regulator says stronger oversight is needed to protect investor confidence, but the account does not set out a specific enforcement action or timetable.
OJK chair Friderica Widyasari Dewi warned investors to stop stock manipulation practices.
She said coordinated trading and wash trading can damage Indonesia’s capital market and weaken investor confidence.
Friderica said around 33 million retail investors have placed their funds in the national capital market.
She urged investors to assess market development against economic fundamentals and listed companies’ financial performance.
OJK is promoting stronger market governance, including adding independent members to the High Shareholding Concentration committee.
- Who
- Friderica Widyasari Dewi, chair of the OJK Board of Commissioners, warned investors involved in stock manipulation.
- What
- She urged them to stop practices such as coordinated trading and wash trading.
- When
- November 10, 2026.
- Where
- At the Indonesia Stock Exchange building in Jakarta.
- Why
- She said manipulation damages the capital market and threatens investor confidence and the interests of retail investors.
This story does not have two clearly opposing sides.
Stock manipulation practices including coordinated trading and wash trading occurred, Friderica said.
Friderica warned investors to stop manipulation at the Indonesia Stock Exchange building in Jakarta.
- Retail investors
- Around 33 million
- Warning date
- November 10, 2026
- HSC committee members
- Nine members: four SRO representatives and five independent external members
- SRO representatives
- Two IDX directors, one KPEI director and one KSEI director
- External members
- Five, including industry practitioners, governance experts, academics and foreign investors
What people are saying
The bottom line is that instances of stock manipulation—such as coordinated trading and wash trading—which occurred in the past, must not be repeated in the future.
We hope that everyone realizes these actions come at a very high cost and are deeply damaging to our capital market. There are 33 million retail investors who have placed their trust in our market. So, to those individuals: please stop—do not play games with this.
Let’s look at the fundamentals—both our national economy and the financial reports of the listed companies, which have shown growth in both profits and revenue.