Jakarta, CNBC Indonesia – The Financial Services Authority (OJK) warns players in the financial industry, especially the capital market, that use leverage services (influence) share.
This phenomenon is referred to as a stock pompom, or what is usually interpreted as an effort to recommend certain stocks by the public influence on social media with the aim of inviting people to buy or sell shares that seem to promise profits, without clear reasons or fundamentals.
However, players in this industry must be careful, because there are consequences of criminal threats for industry players who use services endorsement for influence the.
“So if you make an endorsement to influence have to be careful. If the public buys on the endorsement, he could get in trouble,” said Tirta Segara, a member of the Board of Commissioners of the Financial Services Authority (OJK) for Consumer Education and Protection, as quoted by Antara. detikcom.
Tirta also warned that the rules for providing stock recommendations are also regulated in the Capital Market Law. The regulation is stated in article 34 which states that those who can carry out activities as investment advisors are parties who have obtained a business license from the OJK.
Then, in article 93 it is stated that each party is prohibited in any way from making statements or providing information that is materially incorrect or misleading so as to affect the price of securities on the stock exchange if at the time the statement is made or information is given:
a. The party concerned or should know that the statement or information is materially incorrect or misleading
b. The party concerned is not careful enough in determining the material truth of the statement or information.
“This capital market law is still in place. So it is still in force as long as it is not against the OJK Law,” added Tirta.
Tirta reminded, if influence If the person endorsed makes a recommendation to the public, it is against the provisions of the law, if he is not an investment advisor who has a license according to the provisions.
“Don’t let there be conflict of interest. I mean, I bought the stock first and used it influence let my stock price go up, right? After climbing off. You have to be careful, because if you make a mistake there is a criminal threat and it must be licensed,” he concluded.
(sys/roy)
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