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BSE has issued a public warning against a fake deepfake video circulating on social media that falsely shows its Managing Director and CEO, Sundararaman Ramamurthy, offering stock tips and investment advice. The exchange clarified that the video is unauthorised, misleading, and created using artificial intelligence, with false claims of high returns and links to WhatsApp channels. BSE stressed that neither its CEO nor any official provides stock recommendations or runs investment groups on messaging platforms. The exchange is taking steps to remove the content and initiate legal action. Investors have been advised to stay cautious, avoid acting on such videos, and rely only on official BSE and SEBI-registered sources for verified market information.
Leading stock exchange BSE on Monday issued a warning to investors and the public against a fraudulent deepfake video circulating on social media platforms that falsely shows its Managing Director and Chief Executive Officer Sundararaman Ramamurthy offering stock recommendations and investment advice. Advertisement
In a statement, BSE clarified that the video is unauthorised, fake, and created using deepfake technology. The exchange said the content is misleading and has no connection with BSE or its officials in any capacity.
According to the exchange, the video makes false claims about stock investments for the year 2026 and promises unusually high or super-normal returns. It also urges viewers to join a WhatsApp channel and includes fabricated statements such as assurances of turning investments into 8 million by 2027.
BSE stressed that neither Ramamurthy nor any official of the exchange provides stock tips, investment advice, or recommendations. The exchange also clarified that its officials do not operate or participate in WhatsApp, Telegram, or similar messaging groups offering market-related guidance.
The exchange said it has taken note of the circulation of the video across social media and messaging platforms and is actively working to have the content removed. It is also initiating appropriate legal action against those responsible for creating and spreading the fake video.
BSE advised investors to remain cautious and not to rely on or act upon such videos, messages, or links. It urged market participants to refer only to information shared through BSE's official communication channels and handles, as well as through intermediaries registered with the Securities and Exchange Board of India (SEBI), for authentic and verified market-related information.
The warning comes amid growing concerns over the misuse of artificial intelligence to create deepfakes. Deepfakes are digitally manipulated videos, images, or audio clips generated using AI that make it appear as though individuals have said or done things they never did. Such content can mislead investors, spread misinformation, and cause financial and reputational harm.
Earlier in April, both BSE and the National Stock Exchange (NSE) had issued similar cautions after deepfake videos surfaced online, falsely depicting their CEOs giving stock recommendations.
The exchanges have reiterated the importance of investor awareness and verification, especially as digital frauds become more sophisticated. Investors are advised to exercise due diligence and avoid engaging with unsolicited investment advice circulated through unofficial digital platforms.
Source: PTI
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