- In a statement, the exchange said it has observed the use of face/voice of Chauhan and NSE logo in a few investment and advisory audio and video clips falsely created using technology
- Beware of stock investment-related calls from these two numbers also, warns NSE
NE BUSINESS BUREAU
MUMBAI, JUNE 10
The National Stock Exchange (NSE) on Monday cautioned investors against ‘deepfake videos’ of its MD and CEO Ashishkumar Chauhan giving investment advisories.
In a statement, the exchange said it has observed the use of face/voice of Chauhan and NSE logo in a few investment and advisory audio and video clips falsely created using technology.
Such videos seem to have been created using sophisticated technologies to imitate the voice and facial expressions of Chauhan.
Accordingly, the bourse has asked investors not to believe in such audio and videos and not to follow any such investment or other advice coming from such fake videos or other mediums.
It may be noted that NSE’s employees are not authorised to recommend any stock or deal in those stocks.
Additionally, the exchange is making efforts requesting these platforms to take down these objectionable videos, wherever possible.
As per NSE’s process, any official communication is made only through its official website www.nseindia.com, and the exchange’s social media handles — X: @NSEIndia; Facebook: @NSE India; Instagram: @nseindia; LinkedIn: @NSE India; YouTube: NSE India.
The bourse has requested everyone to verify the source of communication and content sent out on behalf of the NSE and to check the official social media handles.
All investors have been asked to take note of the same and verify the information coming from NSE or its officials from its website.
In April also, the NSE issued a cautionary statement against deepfake videos of its chief.
Deepfakes are manipulated videos or other digital representations that use artificial intelligence to create cogent videos or audio of individuals they never did or said, posing a risk of spreading misinformation and damaging their reputation.
Beware of stock investment-related calls from these two numbers, warns NSE
The NS has also cautioned investors from falling prey to fake brokers promising guaranteed returns on investments.
In a press release issued on Friday, the stock exchange highlighted that two persons claiming to be legitimate brokers and operating through mobile number: 7891735138 and 9179069519 are frauds.
“It has been brought to the notice of the Exchange that Telegram channel “Trade with Sunil” operating through mobile number “7891735138” is collecting funds from the public and providing assured/guaranteed returns on investment in the stock market and is also offering to handle trading account of investor by asking investors to share their Login ID/password. And, person named “Kirtika Mahajan”, operating through mobile number “9179069519”, is providing demat account handling services to the investors,” it said.
To deal with such crimes, the NSE has provided an online tracker where investors can find the details of the stock brokers on its website. To check the registered brokers, users can visit: https://www.nseindia.com/invest/find-a-stock-broker
Verifying the registration status of a stockbroker before investing with them is always advised to avoid financial losses and legal consequences.
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