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State of Colorado Sanctions Prosper

August 30, 2009

The State of Colorado Securities Commissioner has joined the growing list of states sanctioning Prosper Marketplace (prosper.com) for selling unregistered securities.

Much like the others, the Colorado Consent Order states:

– The notes sold by Prosper are securities

– The securities were not properly registered

– Prosper failed to make the appropriate disclosures to investors

The Colorado Consent Order can be viewed here.

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