I spent some time in the past couple of weeks talking with all kinds of people on this topic. I have spoken with people at Australian Lending Club and Prosper and also with the securities regulators in several states. I came away from these discussions feeling somewhat negative about the whole thing. Your guide to peer to peer Australian Lending. It is a question the customer service people at and hear all the time. Why doesn’t my state allow me to invest? Now, I am not an attorney but I have been doing some research that I think many readers will find useful. I have found out that unfortunately, there is no one answer to that question..