A brand-new entrant in the nascent online peer lending area, Lending Club needed to choose whether to sign up with the SEC. Lending Club offered a platform through which specific debtors might get loans moneyed by people who decided to buy them. The management group wished to grow business as well as wanted to develop a secondary market to provide loan provider members liquidity.
Lending Club Case Study Solution
The SEC had actually raised concerns about whether the promissory notes provided to loan provider members remained in reality securities, however there were legal arguments on both sides. While the legal circumstance was uncertain, Lending Club thought about the advantages of using to the SEC, however needed to choose whether it would deserve the considerable financial investment of time and cash, both in advance and moving forward.
PUBLICATION DATE: February 22, 2010 PRODUCT #: 210052-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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