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You don't just write a no action letter. You hire a securitied lawyer and this can cost $50-200k. Had LendingClub asked for a no-action when they started, the S
by rdlecler1 11y ago
You don't just write a no action letter. You hire a securitied lawyer and this can cost $50-200k. Had LendingClub asked for a no-action when they started, the SEC probably would have said no. Sometimes it's better to ask for forgiveness than permission.
- cookiecaper 11y ago>Sometimes it's better to ask for forgiveness than permission. It's almost always better to ask forgiveness than permission.