Jakarta, CNBC Indonesia – The securities company member of the stock exchange, namely PT Phillip Sekuritas Indonesia, which was dragged into the PT Jouska Finansial Indonesia (Jouska) investment case finally opened its vote.
This securities company explains the extent of its involvement with Jouska, who so far claims to be financial planner. The Indonesia Stock Exchange (IDX) previously stated that Phillip was still under investigation by the stock exchange authority, which involved the Financial Services Authority (OJK).
President Director of Phillip Sekuritas Indonesia Daniel Tedja said that the company has never provided access to customer accounts to other institutions, including Jouska, except to authorized parties.
The relationship with Jouska was said to be limited sponsorship in financial education activities organized by Jouska. In this activity, there was an account opening for educational participants which was carried out in accordance with the applicable regulations, just like other Phillip Sekuritas Indonesia customers.
“For each account opened, customers get direct access to transactions,” said Daniel in a press release, Friday (14/8/2020).
“As a securities brokerage company, Phillip Sekuritas Indonesia only performs its function of buying and selling securities by customers, which currently can be done online. If customers need assistance, they can contact our sales or dealers to make transactions,” he said.
However, it is true that the securities sub-account and investor fund account (RDI) can only be accessed by securities companies to assist with transaction settlement and withdrawal of funds to customers’ personal accounts. However, this is in accordance with the capital market mechanism.
Apart from the relationship with Jouska, Phillip Sekuritas also ensures that as the underwriter (underwriter) in an initial public offering (initial public offering/ IPO) PT Sentral Mitra Informatika Tbk (LUCK), the company claims to have carried out this IPO process according to the mechanisms and regulations applicable in the capital market.
“We ensure that there is no ownership of Phillip Sekuritas Indonesia in LUCK shares as a corporate or personal management, both in the primary and secondary markets,” he said.
Daniel revealed that he had proactively submitted the necessary information to the capital market authorities, both OJK and the stock exchange authority, namely the IDX.
The Jouska case recently broke out after the disclosure of customers who reported investment losses, one of which was through placing Jouska’s investment in LUCK shares.
For information, Phillip Sekuritas is the underwriter of the LUCK public offering (IPO) process.
BEI did summon Phillip Sekuritas and conduct an inspection. Director of Trade and Regulation of IDX Exchange Members, Laksono Widodo, stated that until now the stock exchange authority is still conducting further investigations regarding Phillip Sekuritas’ involvement in the Jouska case.
“We have summoned the relevant securities and until now the inspection process is still ongoing. We will also coordinate with the OJK,” he told the media crew, Tuesday (11/8/2020).
It’s just that, said Laksono, the IDX has not been able to disclose the results of the investigation of Phillip Sekuritas.
Previously, the Investment Alert Task Force (SWI) also suspected that Jouska had misused the activities, where the activities carried out were not only a financial advisor, but more than that.
“If we look at complaints from the public, there is a tendency that Jouska is suspected of providing financial or investment advice as well as executing or managing customer funds and this is what we need to check again,” said SWI Chairman Tongam L. Tobing some time ago.