Attention! DNA Pro Trading Robot Declared Illegal

Attention! DNA Pro Trading Robot Declared Illegal

The Directorate General of Consumer Protection and Trade Order (Ditjen PKTN) and the Commodity Futures Supervisory Agency (CoFTRA) of the Ministry of Trade are taking firm action against the sale of unlicensed expert advisors or trading robots. Strict action was taken against PT DNA Pro Akademi today, Friday (28/1).

“This control activity is the result of supervision findings of PT DNA Pro Akademi which has been running business activities selling expert advisors or trading robots using the Multi Level Marketing (MLM) system,” said Director General of PKTN Veri Anggrijono in an official statement, Friday (28/1). 

The business activity is based on legality in the form of a business registration number (NIB) with the Indonesian Standard Classification of Business Fields 47999, which has not been effectively applied, verified, or does not have a sales business license.

Meanwhile, Director of Business Order Sihard Hadjopan Pohan explained, based on the provisions of Government Regulation Number 5 of 2021 concerning Implementation of Risk-Based Business Licensing, direct selling business activities are included in the high risk category.

“Direct selling business actors who do not have business licenses can be subject to criminal provisions. This is in accordance with the provisions in Law Number 11 of 2020 concerning Job Creation-Trade Sector,” said Pohan.

Head of the Bureau of Legislation and Enforcement, CoFTRA, Aldison, added that this security activity is expected to provide a deterrent effect to business actors who do not comply with the provisions.

This activity was carried out by the Ministry of Trade as a member of the Investment Alert Task Force to follow up on the Task Force’s decision to ban PT DNA Pro Akademi’s business activities in January 2022.

Acting Head of CoFTRA, Indrasari Wisnu Wardhana, also appealed to be more careful in investing in commodity futures trading. “The public can check the legality of business actors at Meanwhile, business actors are expected to comply with the provisions of Law Number 10 of 2011 concerning Commodity Futures Trading,” he concluded.

Bussines Service