Topic: Prosper's Settlement with New Jersey (Read 5898 times)

112233 · « **on:** July 26, 2010, 06:36:50 am »

http://www.njsecurities.gov/disc/prosper.pdf

God-Father · « **Reply #1 on:** July 26, 2010, 06:08:51 pm »

Lobby

bankomatic · « **Reply #2 on:** July 26, 2010, 10:34:38 pm »

To be honest I feel a little bad for prosper here. They have to settle with each and every state individually which is a huge pain in the ass. Would make more sense to somehow bring this under federal jurisdiction.

UNCMBA · « **Reply #3 on:** July 29, 2010, 01:35:03 pm »

So a $34k fine? Is that really it? No fund to pay back misled lenders?

Greebo · « **Reply #4 on:** July 29, 2010, 02:12:15 pm »

Quote from: UNCMBA on July 29, 2010, 01:35:03 pm

So a $34k fine? Is that really it? No fund to pay back misled lenders?

Wouldn't this be legal basis for NJ lenders to go for a Class Action against Prosper?

ira01 · « **Reply #5 on:** July 29, 2010, 02:37:26 pm »

Quote from: Greebo on July 29, 2010, 02:12:15 pm

Quote from: UNCMBA on July 29, 2010, 01:35:03 pm
So a $34k fine? Is that really it? No fund to pay back misled lenders?
Wouldn't this be legal basis for NJ lenders to go for a Class Action against Prosper?

You mean like the national class action that is already pending against Prosper on behalf of lenders over the Securities Laws issues?

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Author Topic: Prosper's Settlement with New Jersey (Read 5898 times)

112233

Prosper's Settlement with New Jersey

God-Father

Re: Prosper's Settlement with New Jersey

bankomatic

Re: Prosper's Settlement with New Jersey

UNCMBA

Re: Prosper's Settlement with New Jersey

Greebo

Re: Prosper's Settlement with New Jersey

ira01

Re: Prosper's Settlement with New Jersey