New player in the online space early peer lending, Lending Club must decide whether to register with the SEC. Lending Club provides a platform through which individual borrowers could get loans funded people who choose to invest in them. The management team would like to develop business, and hopes to create a secondary market to provide liquidity lender members. SEC raised questions about whether or not the notes issued to the lender members were actually securities, but were legal arguments on both sides. Although the legal situation was unclear, Lending Club is an asset of the SEC, but he had to decide whether it's worth the considerable investment of time and money, as the front and move forward. "Hide
by Andrea Ryan, Howell Jackson, Peter Tufano Source: Harvard Business School 29 pages. Publication Date: February 22, 2010. Prod. #: 210052-PDF-ENG
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