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[NewHorizon]

"My message is clear," Lindeen said. "If you prey on Montana investors with unregistered securities schemes, or seek to profit from duping unsuspecting Montanans we will find you and we will punish you."

(C'mon now.  Did finding Prosper take so much effort?)

Prosper has sold 4,479 notes to Montana residents for an aggregate investment of at least $396,510. Lindeen said the notes issued by Prosper are securities, but they were not properly registered for sale. All securities sold in Montana must be registered with the Montana State Auditor's Office before they can be sold to the public.

http://www.metnet.mt.gov/newslinks/I02B0B953

And it goes on to say Montana's share of the NASSA settlement will be $2,214 - which doesn't seem all that newsworthy.  But whatever...

[yankeefan]

And the protection provided to the buyer sof those notes was....?

I liked this

Caution for investors:


Investors need to be especially cautious now because scam artists will use the recent downturn in the stock market to exploit investors' anxiety about increasing their earnings.

[PPT]

which doesn't seem all that newsworthy.  But whatever...

Not a whole lot happens in Montana.  It doesn't take much to be newsworthy.

[NewHorizon]

And the protection provided to the buyer sof those notes was....?

I liked this

Caution for investors:


Investors need to be especially cautious now because scam artists will use the recent downturn in the stock market to exploit investors' anxiety about increasing their earnings.

I didn't check, but I assumed they paste that blurb into many of their press releases...

[112233]

lobby

[God-Father]

Second

[mothandrust]

"My message is clear," Lindeen said. "If you prey on Montana investors with unregistered securities schemes, or seek to profit from duping unsuspecting Montanans we will find you and we will punish you."

Duped and unsuspecting indeed.

The Montana investors probably thought the state wasn't going to keep all the money recovered for itself.

[Investar]

UPDATE of broken link to Montana press release....

    http://www.metnet.mt.gov/newslinks/I02B0B953

They moved it here....
http://www.sao.mt.gov/news/20090519Prosper.html
(and if they move it again, text from the original was cached right here on dot-org)