Is prosper now operating in any of the states they settled with?
Prosper 50 State ProgressWashington - approved just days after launch, earlier than predicted (approved 07/16/09)
◊ Lend: approved, no special restrictions
◊ Trade: approved
◊ Borrow: approved, no special restrictions
We had predicted Washington to come on board in August or September. Prompt approval may have resulted because Prosper was fresh in their minds. They had just sanctioned the 'old' Prosper, were an early participant in the NASAA states settlement.
Montana - approved at launch as predicted
◊ Lend: approved, no special restrictions
◊ Trade: approved
◊ Borrow: approved, no special restrictions
Of note, Montana sanctioned the 'old' Prosper, was an early participant in the NASAA states settlement.
The other (2) states '112233' pointed out to us (keep up the good work!)....
UPDATE Oregon - has now approved the 'new' Prosper (approved 4 weeks after relaunch, 08/07/09)
◊ Lend: approved with "financial suitability" restrictions
◊ Trade: approved
◊ Borrow: approved, no special restrictions
According to Oregon's
sanction of the 'old' Prosper (PDF pg4, Part 3), Prosper's status as a development stage company with a limited operating history and a lack of profitability raises the possibility that Prosper could cease operations at any time due to the failure to raise additional capital.
Missouri -
**active review status per regulatory activity
ø Lend: we do not expect approval
ø Trade: we had expected approval, we do not expect approval
◊ Borrow: approved, no special restrictions