A post by Erick Schonfeld at TechCrunch today really got me riled up: The SEC has shut down Prosper, a peer-to-peer lending site. This was up in the air until yesterday:Yesterday, the SEC issued its formal cease-and-desist letter (embedded below or download PDF), outlining its reasoning for characterizing Prosper as a seller of investment, something prosper had vigorously resisted in the past by ... Continue reading