Legal Liability of Influencers or Affiliates for Stock Pumping Activities and Promoting Trading in The Form of Binary Options

Abstract

Trading Platform with Binary Obsi or choosing one of the two is a platform that is considered by OJK to be more similar to numbers, where this refers to Law number 10 of 2011 concerning amendments to Law 32 of 1997 in this law there is an article that can ensure that the practice of Binary Options is not in accordance with what is regulated by the law, but binary options trading can circulate rapidly because the owners of the binary options platform use the services of influencers to spread the platform. which results in trading in the form of Binary Options, the legality of which cannot be ascertained in Indonesia. This raises new legal problems in the form of activities recommending platforms that do not have legality in Indonesia and are prohibited by the OJK, this is binding on those who carry out recommendation activities or are often referred to as stock pompoms. Stock pompom activities are rampantly carried out by public figures who are known to the public who do not pay attention to the legality of Binary Options trading, as for several parties who collaborate with application owners and take advantage of the failures of Binary Option players. The approach method used is a normative legal research method, namely legal research conducted by examining library materials or secondary data. The approach used is the invitation approach, the approach and the conceptual approach. This journal finds several issues that need the government's attention, such as the need for special laws governing binary options applications in the gambling or fraud category, special rules regarding influencers who get commissions called affiliates, as well as strict rules for influencers to make recommendations, also educating the public so that they are not easily influenced by what activities are found on social media