Jakarta - The Indonesian Stock Exchange imposed a fine of Rp500 million to PT Universal Broker Indonesia Sekuritas.

IDX Director Kristian S Manulang said the sanctions related to Universal Broker Indonesia failed to meet the minimum required value of Adjusted Net Working Capital.

"In this regard, starting from the first session of securities trading on October 11, 2021, Universal Broker Indonesia Sekuritas is not allowed to carry out trading activities on the stock exchange until further notice and is subject to a fine of Rp500 million," said the IDX information disclosure in Jakarta on Monday (11/10).