The SEC hit Silicon Valley lender Prosper with a $3 million fine for inflating its returns to 'tens of thousands of investors'

Business Insider
By Rebecca UngarinoApr 19, 2019, 12:59 pm168 pts
The Securities and Exchange Commission on Friday said the online lender Prosper would pay a $3 million penalty for inflating returns to investors. Prosper told more than 30,000 investors that its returns were higher than they actually were, the SEC said in a release. Visit MarketsInsider.com for more stories.…

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