FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo
WASHINGTON - 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. The regulator said the online lending platform from around July 2015 until May 2017 excluded certain non-performing charged off loans from its calculation of annualized net returns that it reported to investors. As a result, Prosper overstated annualized net returns to more than 30,000 investors, it said.
Because thats FRAUD and its a crime
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Elon Musk And The SEC Ask Judge For Another Week To Resolve Contempt DisputeThe standoff between the U.S. securities regulator and Tesla's mercurial CEO goes on for another week as they fail to work out a resolution. First of how many?
Source: Forbes - 🏆 394. / 53 Read more »
SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motionOn April 4, a federal judge gave Musk and the SEC two weeks to work out their differences, punting a request from the agency to hold him in contempt of court for allegedly violating an October securities fraud settlement. Now they want one more week.
Source: CNBC - 🏆 12. / 72 Read more »
Tesla's Elon Musk, SEC get another week to work out deal on Twitter useTesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commiss... elonmusk There he goes again, gradually...A truly great mind... I can envision a little blue bird sitting on EM shoulder, monitoring the tweets.
Source: Reuters - 🏆 2. / 97 Read more »
Italian economy minister expects growth to pick up in H2: TV interviewEconomy Minister Giovanni Tria expects Italy's growth to pick up in the sec... 🤣 After this claim, I am going to take a coffee.
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In SEC vs. Elon Musk, a Question of When Tweets MatterElon Musk last year agreed to have Tesla lawyers pre-approve tweets that “reasonably could contain” material information about the electric car maker’s business. Those words are now at the center of court-ordered talks between the two parties. great post as always, we also like InstaCryptoNews By the police state standards. Bring democracy back! only the Gov't is supposed to manipulate the stock market in the name of national interests. haha
Source: WSJ - 🏆 98. / 63 Read more »
Huawei CEO offered Berlin no-spy deal to soften 5G concerns: WirtschaftswocheChina's Huawei offered Berlin a 'no-spy agreement' to address sec... So by saying its a no-spy deal does that mean that a normal deal would include spying? From this month's Socialist Standard, an article on Huawei and 5G, 'Heartland of a heartless world': SPGB SocialistStandard Yeah, but was he crossing his fingers?
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Energy Department denies report Sec Rick Perry is preparing to depart'There is no truth that Secretary Perry is departing the administration any time soon,' a Department of Energy spokesperson said. Damn. I thought the head said “deport.” But “depart” would be fine, too. Preposterous that he’s there in the first place. Ok
Source: CNBC - 🏆 12. / 72 Read more »
NBC News @NBCNewsLIVE: Sec. Pompeo delivers remarks from State Dept. briefing room. Hard to tell if he is talking about Cuba or the US anymore... is this about Cuba or the United States?
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Sarah Sanders' credibility reaches the point of no returnSarah Huckabee Sanders was not a trusted source for accurate information 24 hours ago, but her trustworthiness has now reached new depths. MaddowBlog MaddowBlog Again? MaddowBlog Coming from an outlet that shed theirs like snakeskin.
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How does that index fund address social issues? SEC official seeks transparencyBig fund companies have mixed records voting on shareholder proposals. One idea would require mutual funds to make proxy votes front and center.
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A judge gave Elon Musk and the SEC one more week to come to a new agreement about how to monitor the CEO's tweetsElon Musk's months-long fight with federal regulators could finally come to an end next week. Lol jrsajr losaokay Leave him alone! Lobbies! Poor guy.. I wish Mr. Musk had applied for a loan from the government to raise its capital as opposed to IPO. Investors are very rich but still are very money hungry and will suck every single penny out of anyone. I dislike greed.
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