Prosper re-launch – hey, aren’t you still technically in a “quiet period” and under a SEC order to “cease and desist?”
UPDATED: PROSPER SHUT DOWN. (May 9, 2009)
As predicted by the Prosper-Watchers at Prospers.org, Prosper “flipped the bird” at the SEC this morning as they re-launched their site, but only available to California-based lenders.
Prosper was under a “cease & desist” order from the SEC for selling unregistered securities and a self-imposed “quiet period.”