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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 ( 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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