NSE Warns Investors Against Fake Videos of NSE MD & CEO Ashishkumar Chauhan Recommending Stocks

New Delhi: The National Stock Exchange of India (NSE) warned investors regarding fake videos made through deepfake technology that mimicked the NSE MD and CEO Ashishkumar Chauhan.

The NSE has identified a fabricated video, circulated widely on social media platforms, that contains false statements meant to mislead investors and manipulate the stock market.

The NSE in a statement advised the investors to check NSE’s all official social media handles to check the facts.

The NSE also requested all investors to take note of the same and verify the information coming from NSE or its officials from its website www.nseindia.com as the official information.

In the press note, the NSE said, “We have observed the use of face/ voice of ShriAshishkumar Chauhan, MD & CEO NSE 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 Shri Ashishkumar Chauhan, MD & CEO of NSE.”

“Investors are hereby cautioned not to believe in such audio and videos and not follow any such investment or other advice coming from such fake videos or other mediums. It may be noted that NSE’semployees are not authorised to recommend any stock or deal in those stocks”, the note added.

Additionally, NSE has asked the concerned platforms to take down the 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 –  Twitter: @NSEIndia, Facebook: @NSE India, Instagram: @nseindia, LinkedIn: @NSE India, YouTube: NSE India.

The NSE requested everyone to verify the source of communication and content which is sent out on behalf of NSE and to check the official social media handles.

“All investors are requested to take note of the same and verify the information coming from NSE or its officials from its website www.nseindia.com as the official information.

Investors& the public at large are advised to take note of the above” said the official release of the NSE.

About NSE:

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2023. NSE is ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE).