Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: rawraw on September 28, 2018, 01:25:27 PM

Title: Renaud Laplanche Banned from Securities Industry
Post by: rawraw on September 28, 2018, 01:25:27 PM
Not what I expected to see from the SEC on Twitter!
Title: Re: Renaud Laplanche Banned from Securities Industry
Post by: Fred93 on September 28, 2018, 02:44:23 PM
Here are the exact words from today's SEC order...

C. Laplanche be, and hereby is:
barred from association with any investment adviser, broker, dealer, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization; and prohibited from serving or acting as an employee, officer, director, member of an advisory board, investment adviser or depositor of, or principal underwriter for, a registered investment company or affiliated person of such investment adviser, depositor, or principal underwriter; with the right to apply for reentry after three (3) years to the appropriate self-regulatory organization, or if there is none, to the Commission.