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April 19, 2019 07:39 pm GMT

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

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 admitted nor denied the agency’s allegations. […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DIyZKzlgSr0/

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