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of <h1>False Statements in Securities Deals Lead to Penalties Under Section 447</h1> Any individual who knowingly or recklessly makes false, deceptive, or misleading statements, promises, or forecasts, or deliberately conceals material facts to induce another to enter into agreements related to acquiring, disposing of, subscribing for, or underwriting securities, or agreements intended to secure profits from securities, is subject to penalties under section 447.
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