Prosper is the latest Silicon Valley company to get dinged by, and settle charges with, the SEC

TechCrunch
By Connie LoizosApr 19, 2019, 3:39 pm113 pts
Another Silicon Valley company is settling with the SEC: the online lending company Prosper, which the SEC had accused of “miscalculating and materially overstating annualized net returns to retail and other investors.” Prosper has agreed to pay $3 million as part of the settlement, in which it has neither…

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