India’s National Stock Exchange (NSE) cautioned investors about deepfake videos featuring its CEO, Ashishkumar Chauhan, providing stock recommendations. The exchange highlighted that these videos, created using advanced technology to mimic Chauhan’s voice and facial expressions, are unauthorized and misleading. NSE reiterated that its officials are not authorized to offer stock recommendations. This warning comes amidst a surge in retail participation in India’s equity markets and regulatory concerns regarding financial influencers leveraging social media. Last year, the Securities and Exchange Board of India proposed restrictions on stockbrokers engaging with financial influencers.
NSE Warns Against Deepfake Videos of CEO Giving Stock Recommendations
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