According to the Securities and Exchange Commission (SEC), per se fraudulent statements include those that:

Question

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The SEC review involves only the completeness of the registration statement and whether it contains per se fraudulent statements. Examples of per se fraudulent statements are those that tout the securities ("these are the best securities you can buy") and forecasts that are not reasonably based (a new company promising a 35 percent annual return on investment on its common stock).

According to the Securities and Exchange Commission (SEC), Per Se