SEC fines Prosper Funding $3 million for overstating net returns to investors

April 19, 2019 admin Business News Comments Off on SEC fines Prosper Funding $3 million for overstating net returns to investors

The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.

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Source:: Reuters – Business News