Business · Markets · 2 hrs ago
Indonesia's Stock Exchange Plans to Target Suspected Manipulators' Accounts
The Indonesia Stock Exchange plans to target suspected stock manipulators' accounts instead of suspending the shares they trade.
The change was announced by exchange chief Jeffrey Hendrik in Jakarta on Wednesday.
Suspending a whole stock can disrupt market liquidity, even when only a few traders among many are suspected of manipulation.
Under the plan, the exchange would suspend the accounts of suspected manipulators rather than the shares or the wider market.
The aim is to make Indonesia's capital market more transparent and credible and improve its governance.
The exchange hopes this will help restore investor trust, which Hendrik said had been lost, but no timeline for the change was given.
Indonesia’s stock exchange plans to target accounts suspected of market manipulation rather than suspending the shares they trade.
Exchange chief Jeffrey Hendrik said suspending a stock can disrupt liquidity for all investors, even when only a few traders are suspected of manipulation.
The planned approach would apply suspensions at the account level, not the stock or market level.
The exchange hopes the change will improve transparency, credibility and governance and help restore investor trust.
- Who
- The Indonesia Stock Exchange, led by chief executive Jeffrey Hendrik.
- What
- It plans to suspend accounts suspected of manipulating trades rather than suspending the shares involved.
- When
- Hendrik described the plan on Wednesday, October 28, 2026.
- Where
- At the Kearney 100 Years of Impact event at The Ritz-Carlton Pacific Place in Jakarta.
- Why
- The exchange says suspending a stock disrupts liquidity for all traders, although only a few may be manipulating it. It aims to improve transparency, credibility and governance and restore investor trust.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Venue
- The Ritz-Carlton Pacific Place, Jakarta
- Event
- Kearney 100 Years of Impact
- Potential manipulators
- Hendrik said five out of 1,000 or 2,000 traders might attempt manipulation.
- Planned enforcement
- Suspensions at the account level rather than the stock level
What people are saying
Dari 1.000 atau 2.000 pihak yang melakukan transaksi, mungkin hanya 5 yang melakukan upaya manipulasi. Kalau kita suspen sahamnya, yang terganggu semuanya
Harapkan ke depan market kita akan lebih transparan, lebih kredibel, punya governance yang lebih baik, sehingga kita bisa mendapatkan kembali trust yang selama ini dirasa sudah hilang di market kita