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Trying to prosper in Masschusetts
September 27, 2012 5:22 PM   Subscribe

How can I use Prosper.com to invest while living in Massachusetts?

MA does not allow Prosper or Lending Club to operate in the state. Is there a way for me to take part? If I spend a couple hundred bucks forming an out of state corp could I invest via that vehicle?
posted by IzzeYum to Work & Money (1 answer total) 1 user marked this as a favorite
 
You're allowed to use the Lending Club trading platform as a resident of MA.

Institutional investors (corporations) are allowed to use either site but there is additional scrutiny. You'd probably have to ask Prosper or Lending Club institutional services if they'll accept an out-of-state corporation that has nexus in MA.
posted by michaelh at 7:24 PM on September 27, 2012


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