Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) has awarded penalties to 854 companies in the capital market industry throughout 2012.

Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) has awarded penalties to 854 companies in the capital market industry throughout 2012.



Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) has awarded penalties to 854 companies in the capital market industry throughout 2012. The company is considered not to comply with the regulator.

Chairman of Bapepam-LK Ngalim Sawega describes the number of companies jumped 98.6 percent compared to the year 2011 that only 430 companies were fined.

"The increase in sanctions is not intended to make money, but we've been more resolute action against any company or securities of issuers that naughty," he said as quoted from the report Ngalim end of the Indonesia Stock Exchange on Saturday (29/12/2012).

According Ngalim, parties subject to a fine of capital market regulators and financial institutions are 191 listed companies, 2 public companies, 63 securities companies, 11 companies underwriting, 28 investment managers, investment advisors 5 and 65 public accounting firms.

In addition there are 35 companies appraiser, 8 administrative agency securities firms, legal consultants 5, 18 directors / commissioners issuer / issuer shareholders above 5 percent, 2 singles (director / commissioner of securities companies), 1 and 1 deputy trustee broker . Others still have 2 self-regulatory organization (SRO) and 417 participants reporting securities transactions.

"The amount of fines from 854 companies reached USD 14.7 billion," he added.

According Ngalim, penalties are given for a case of violation of capital market with regard to listed companies, public companies, securities trading and investment management.

Ngalim hope that the number of violations of both heavy and light forward dwindling.

Of 854 companies that already there are 85 companies given a written warning. The details of 69 companies, one public company, four securities companies, one public accountant, appraiser 7, 3 individuals (directors / commissioners securities companies) and each one party custodian bank, first vice stockbroker and 1 deputy investment manager. In addition there is one company that restricted business activity, frozen 8 companies and 13 companies whose business license has been revoked.