There is often a fine line between legitimate and illicit stock trading. Former PT Usaha Bersama Sekuritas (UBS) President Director Yannes Naibaho walked that line. Two weeks ago, police arrested Naibaho for fraudulently trading billions of rupiah in bogus shares on the Jakarta Stock Exchange (JSE). This is the first time Indonesian police have arrested a stockbroker.

Police also arrested Naibaho's colleague, I Gusti Gede Ngurah, a UBS dire