BSE cautions against fake videos of MD & CEO Sundararaman Ramamurthy 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.

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