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Urbi_et_Orbi
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« Reply #15 on: September 16, 2008, 02:03:13 PM » |
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If Prosper.com has been running afoul of Pennsylvania regulations this whole time (or at any time), then all affected notes sold to Pennsylvania lenders should be repurchased at full remaining face value (Principal + Accrued Interest) by Prosper.com immediately.
Apparently Prosper is running afoul of Pennsylvania securities law, but not the lending law. That's the only explanation as to why Pennsylvania residents can continue to borrow why lenders cannot lend. You mean Prosper is selling securities? |
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bamalucky
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« Reply #16 on: September 16, 2008, 02:07:15 PM » |
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I've said all along they are selling unlicensed securities IMO
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To participate in the class action lawsuit against prosper contact Phillip Kim, Esq. The Rosen Law Firm, P.A. 350 5th Avenue, Suite 5508 New York, New York 10118 email: pkim@rosenlegal.comtel: (212) 686-1060 |
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Spider5
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« Reply #17 on: September 16, 2008, 02:49:02 PM » |
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Someone started a petition. Scroll down to the first comment. |
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Urbi_et_Orbi
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« Reply #18 on: September 17, 2008, 03:13:06 PM » |
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A lot of links there to non-Prosper third-party sites...
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lenderguy
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« Reply #19 on: September 19, 2008, 12:55:14 PM » |
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I've said all along they are selling unlicensed securities IMO
The more and more I think about it, the more and more I agree with you. They were all about filing some paperwork with the SEC for the secondary market... how is the primary market any different? The only real difference is one of semantics. On the secondary market, you purchase an existing security. On the primary market, you promise to buy a security once it is created. |
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Fred93
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« Reply #20 on: September 19, 2008, 12:58:54 PM » |
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They were all about filing some paperwork with the SEC for the secondary market... how is the primary market any different? The only real difference is one of semantics. On the secondary market, you purchase an existing security. On the primary market, you promise to buy a security once it is created.
That's the question that kept pounding my head as I read Prosper's SEC filing, way back when it was filed. |
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Capital_Finance_Group
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« Reply #21 on: October 18, 2008, 08:46:24 PM » |
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Now for some unspecified time the rest of the USA has joined PA
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mothandrust
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« Reply #22 on: October 19, 2008, 10:54:17 AM » |
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You mean Prosper is selling securities?
Then why don't I feel like my investment is secure? |
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christoofar215
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« Reply #24 on: October 19, 2008, 03:14:09 PM » |
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Now for some unspecified time the rest of the USA has joined PA
We lead the nation, and we gave you that wonderful document Congress likes to pee on and a group of 9 old people with hemorrhoids and arthritis have to read all day for their job.  |
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If at first you don't succeed, then skydiving is not for you.
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beerbud1
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« Reply #25 on: December 02, 2008, 08:21:36 PM » |
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Apparently Pennsylvania was one of the 20 states they agreed to a settlement with. (NASAA)
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Investar
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« Reply #26 on: December 02, 2008, 08:33:40 PM » |
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Apparently Pennsylvania was one of the 20 states they agreed to a settlement with. (NASAA)
Beerbud, ya got any factual evidence? Failing that, can you build on your conjecture? I'm a Pennsylvanian who's been on the 'quiet' that extra 30 days. Shure wood be news to hear good 'ole Harrisburg (state capitol) is actually doing something. |
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"If you think nobody cares, try missing a couple of payments." – Larry the Cable Guy
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beerbud1
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« Reply #27 on: December 02, 2008, 08:36:00 PM » |
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Apparently Pennsylvania was one of the 20 states they agreed to a settlement with. (NASAA)
Beerbud, ya got any factual evidence? Failing that, can you build on your conjecture? I'm a Pennsylvanian who's been on the 'quiet' that extra 30 days. Shure wood be news to hear good 'ole Harrisburg (state capitol) is actually doing something. Haven't you seen the other thread about NASAA? |
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Investar
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« Reply #28 on: December 02, 2008, 08:38:18 PM » |
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Apparently Pennsylvania was one of the 20 states they agreed to a settlement with. (NASAA)
Beerbud, ya got any factual evidence? Failing that, can you build on your conjecture? I'm a Pennsylvanian who's been on the 'quiet' that extra 30 days. Shure wood be news to hear good 'ole Harrisburg (state capitol) is actually doing something. Haven't you seen the other thread about NASAA? Yes, of course. Did I miss a link from a linked link where the states were enumerated? |
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"If you think nobody cares, try missing a couple of payments." – Larry the Cable Guy
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beerbud1
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« Reply #29 on: December 02, 2008, 08:41:32 PM » |
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Apparently Pennsylvania was one of the 20 states they agreed to a settlement with. (NASAA)
Beerbud, ya got any factual evidence? Failing that, can you build on your conjecture? I'm a Pennsylvanian who's been on the 'quiet' that extra 30 days. Shure wood be news to hear good 'ole Harrisburg (state capitol) is actually doing something. Haven't you seen the other thread about NASAA? Yes, of course. Did I miss a link from a linked link where the states were enumerated? No pure speculation and conjecture! |
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