The Bombay Stock Exchange (BSE) issued a stern caution to investors regarding a deceptive deepfake video making rounds on social media and messaging platforms. The video falsely portrays BSE’s Managing Director and CEO, Sundararaman Ramamurthy, offering stock market advice. BSE clarified that the video is entirely fabricated and produced using deepfake technology.
The video in question contains misleading information about stock investments for 2026, making unrealistic promises of high profits. It encourages viewers to join a WhatsApp channel, falsely claiming that they could amass wealth quickly. BSE emphasized that neither Ramamurthy nor any BSE official provides stock recommendations or operates WhatsApp groups.
The stock exchange labeled the video as unauthorized, fake, and designed to deceive investors. It urged both investors and the public to disregard such videos, messages, and links, advising them to rely solely on information disseminated through BSE’s official channels and SEBI-registered intermediaries for market-related guidance.
BSE also announced its efforts to remove the fraudulent content from online platforms and pursue legal action against those responsible for creating and spreading the video. It cautioned investors to remain vigilant and avoid falling prey to deepfake scams, emphasizing that the advisory aims to safeguard investors’ interests.
