Is Lending Loop regulated?
Yes, Lending Loop has worked directly with the Ontario Securities Commission (OSC) to outline a foundation of how Peer-to-Peer Lending can operate in Canada. We have also been reviewed and approved by all other applicable securities regulators in the regions in which we operate.
When you invest in loans, you are purchasing securities in the form of notes distributed by Loop Securities Inc.
Loop Securities Inc. is registered as an exempt market dealer with the securities regulatory authorities of all the provinces and territories of Canada in which it engages in the dealing of securities. However, please note that no securities regulatory authority or regulator has approved or expressed an opinion about any of the notes offered on Lending Loop.