Fake Stock Tips

The Bombay High Court ordered the deletion of false information following the circulation of fake videos featuring NSE's MD and CEO Ashishkumar Chauhan

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.c

The Securities and Exchange Board of India's (Sebi's) and Telecom Regulatory Authority of India's (Trai's) joint effort to curb messages on mobile phones (SMSs) with fake stock tips has not yielded the desired result.Many continue to receive these, claiming to be sent from leading brokerages. Sources say the regulators and police cyber teams haven't been able to identify the people doing this. Regulators can only warn investors of such traps, said an official at one.. Sources say in most of these cases, the database servers in question are based outside the country. And, encryption technologies make it more difficult to track, explained another person in the know. "This is a serious situation and requires urgent action. This should be done by identifying and significantly punishing at least two-three people, so that the message would go loud and clear to other fraudsters. For this, the regulator needs to outsource cyber experts, maybe (hire from) even outside India, to crack down on ..