Prospect wins appeal with SEC; no restatement necessary

|About: Prospect Capital Corpora... (PSEC)|By:, SA News Editor

Prospect Capital (PSEC) has been in the penalty box for a few weeks after the SEC asserted certain wholly-owned holding companies needed to be consolidated into its results, but on appeal the SEC staff has agreed with Propsect's rebuttal of that conclusion.

Shares are currently halted.