During worst economic crisis in history, violins heard as Titanic sinks Updated 2:30 pm: Prosper's spokesperson Tiffany Fox tells VatorNews that Prosper's lender agreements are in full effect. Servicing continues as usual and lenders are free to transfer money off the platform. Borrowers have to continue paying out their loans. Additionally, the SEC decided that it was not necessary for there to be any financial remedy, such as fines. The order is also not an admission or denial of the Commission's findings.  Online matchmakers of any type of debt and equity are finding out that while they're disintermediating many traditional parties (like banks), they can't eliminate regulators.P2P lending site, Prosper, this week received a cease-and-desist letter from the Securities and Exchange Commission. Despite Prosper's argument that it is a venue for ... [ Read more ]