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1. Prosper faces class action lawsuit; pays 1M US$ in fines to states

   http://www.wiseclerk.com/group-news/services/prosper-faces-class-action-lawsuit-pays-1m-in-fines-to-states/

   The SEC cease and desist order against Prosper offered the legal arguments on a plate, now the first class action lawsuit filed against Prosper Marketplace Inc. uses the SEC filing as exhibit A to state it’s case. Regarding numbers and affected lenders the lawsuit by The Rosen Law Firm, New York, states “…As of October, 2008 approx. …

   1 hour ago

2. Loanio suspends operations

   http://www.wiseclerk.com/group-news/countries/us-loanio-suspends-operations/

   Asked to comment on the recent developments, Loanio CEO Michael Solomon told P2P-Banking.com: In light of recent events beyond our control, Loanio, Inc. has suspended its business so that we may begin the process of registering our promissory notes with the appropriate securities authorities and agencies. …

   6 days ago

3. SEC orders Prosper to cease and desist

   http://www.wiseclerk.com/group-news/services/prosper-sec-orders-prosper-to-cease-and-desist/

   In a SEC filing of yesterday, the SEC has ordered Prosper to cease and desist. On page two it states that The loan notes issued by Prosper pursuant to this platform are securities and Prosper, from approximately January 2006 through October 14, 2008, violated Sections 5(a) and (c) of the Securities …

   7 days ago

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What this blog is about

1. africa
2. cease and desist
3. class action
4. funding
5. launch
6. microfinance
7. nasaa
8. pre-launch
9. regulation
10. sec
11. settlement
12. spain
13. uk
14. arturo cervera
15. comunitae.com
16. entrinnova
17. germany
18. law suit
19. lending club
20. lendingclub
21. loanio
22. loanio.com
23. michael solomon
24. myc4
25. myc4.com
26. prosper
27. prosper.com
28. sec filing
29. the rosen law firm
30. zopa

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