Business · Companies · 14 hrs ago
Indonesia’s OJK lists 2026 sanctions in stock market cases
Indonesia’s financial regulator OJK announced penalties against companies and individuals involved in capital market cases during 2026.
The cases involve stock trading, public offerings and unlicensed investment advice connected to listed companies including DSSA, BREN, CUAN and FILM.
OJK imposed fines, written warnings and a one-year suspension of an underwriter representative’s licence.
Among the penalties detailed, Sinar Mas Tunggal was fined 1.5 trillion rupiah in a DSSA trading case, while Anbo Holdings was fined 500 billion rupiah over BREN’s share offering.
Investor and financial influencer Belvin Tannadi was fined 5.35 billion rupiah over trading in AYLS, FILM and BSML shares.
The penalties are part of OJK’s efforts to protect market integrity and improve compliance and investor confidence.
OJK said enforcement is ongoing and is based on its supervision and investigations.
Indonesia’s Financial Services Authority (OJK) listed administrative sanctions imposed in 2026 for violations involving the capital market.
The cases involved stock trading, public share offerings and unlicensed investment advisory activity.
Sanctioned parties included companies and individuals linked to stocks such as DSSA, BREN and CUAN.
Fines ranged from hundreds of millions of rupiah to Rp1.5 trillion, while some individuals received written warnings or licence suspensions.
OJK said the enforcement was intended to protect market integrity, improve compliance and support orderly, fair and efficient securities trading.
- Who
- Indonesia’s Financial Services Authority (OJK) and the companies and individuals it sanctioned.
- What
- OJK listed administrative sanctions for capital-market violations, including fines, written warnings and a licence suspension.
- When
- The sanctions were imposed during 2026; the reports were published on 31 October 2026.
- Where
- Indonesia’s capital market.
- Why
- OJK said enforcement aimed to protect market integrity, improve compliance and support orderly, fair and efficient securities trading.
This story does not have two clearly opposing sides.
One period of the DSSA stock-trading violations began.
Another period of the DSSA stock-trading violations took place.
A further period of the DSSA stock-trading violations took place.
OJK imposed sanctions in the DSSA and BREN cases and the CUAN offering case.
CNBC Indonesia and CNN Indonesia reported on OJK’s 2026 capital-market sanctions.
- DSSA case period
- 12 January 2024–3 February 2026, across three reported periods
- DSSA sanctions date
- 16 October 2026
- Sinar Mas Tunggal fine
- Rp1.5 trillion
- BREN offering case
- Anbo Holdings Ltd fined Rp500 billion
- CUAN offering case
- Tigonis Capital Pte Ltd fined Rp100 billion
- OJK reports published
- 31 October 2026
2 sources
What people are saying
This effort is OJK’s commitment to continually maintain market integrity, improve market participants’ compliance, and create orderly, fair, and efficient securities trading.