India’s leading stock exchange BSE has cautioned investors about some fake, unauthorised and fraudulent videos and audios impersonating its managing director and chief executive officer Sundararaman Ramamurthy doing the rounds on social media, recommending certain investments and advisory in stocks/shares.

BSE’s caution comes following a similar alert from the NSE a week ago where the latter had sounded alarm on fake videos of its CEO and MD Ashishkumar Chauhan recommending stocks.

BSE on Thursday said fake audio and videos were created through, “innovative and ingenious technology” impersonating BSE’s MD & CEO.

“It has come to our notice that some fake, unauthorised and fraudulent videos and audios created through innovative and ingenious technology impersonating BSE’s managing director and chief executive officer, Sundararaman Ramamurthy are being circulated on social media recommending certain investments and advisory in stocks/shares,” a BSE release said, adding that the MD & CEO does not initiate or endorse any such communication via Facebook or any other social media platform.

BSE also advises investors/public not to trust such videos and audios and not to follow fake recommendation/unsolicited communication circulated through deceptive means impersonating BSE MD & CEO.

The exchange has assured investors that it will initiate all possible steps to prevent misrepresentation by unknown elements.BSE has advised investors/public not to join any group on social media platforms impersonating BSE or its officials and also not rely on any stock/share recommendation.The stock exchange has also advised investors/public to exercise caution and not to engage or re-circulate such fraudulent messages and not to share any personal and/or confidential information, financial or otherwise.

Investors and the public are also advised to verify the source of communication before making their decisions.

BSE employees are not permitted to recommend dealing in/or promote any transactions in stocks/shares.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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