Without RDI, investors can still deal

JAKARTA. The implementation of retail customer accounts segregated securities firms began February 1, 2012 appeared to still be tricked. Many retail investors are still able to transact the sale of shares, although not yet have your own account alias account of customer funds or investors (RDN / RDI).

Yunita Lindasari, Head of Transaction Securities Institute of Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) said it encountered offense in the application of RDI. "Some customers without RDN remains transact the sale of shares," said Yunita, during a press conference on Friday (3/2).

Unfortunately, Yunita reluctant to specify the amount and the rogue investor transactions. Yunita also silent about companies and securities that facilitate the transaction. The reason, it still must examine the case further. "We have to check and re-check first," said Yunita.

He just said, than 320,000 retail investors, who have had RDI per February 1, 2012 as many as 78 635 people. Then, as many as 29 000 investors have already committed to RDN. With that commitment, investors will have the RDN in the coming days.

Sanctions

Yunita confirmed, it will drop the witnesses for the parties that the policy violates the separation of the account. For customers, Bapepam-LK ready to drop the administration witnesses. As for the company in effect, a warning will be sanctioned. "We'll watch the first, and will provide penalties, recall, suspension, until a fine," said Yunita.

Ananta Wiyogo, President Director of Indonesian Central Securities Depository (KSEI), declined to elaborate, the cause of the violation. To be sure, KSEI know all of the stock trading at the Indonesian Stock Exchange. "I can not answer because it is internal consolidation with Bapepam-LK," said Ananta.

Bernard Thien, President Director of CIMB Securities Indonesia ensure that violations do not occur in the company. "Because all our customers who do not have direct RDN suspended, may not be able to transact the sale," said Bernard.

CIMB Securities Indonesia has about 4,000 retail customers. Of that total, only 50% are active. "As of February 1, 2012 There are thousands of customers affected by the suspension because it does not have the RDN," said Bernard. However, Bernard added that customers who do not have the RDN by February 3, 2012 hundreds of people living alone.

Record, according to Circular Letter No. 01/2012 on Account Opening Funds on Behalf of Each Customer, investors are prohibited from trading transactions without having RDN per February 1, 2012. Investors are only allowed to complete the transaction before the transaction.