 The company acted as a broker-dealer and is registered with the SEC and is a member of FINRA.MicroPlace was founded by Tracey Pettengill Turner and was bought by eBay for an undisclosed amount in 2006.Her hope is to expand the microfinancing industry from its current base of 100 million people to 1 billion people, with help from the middle class of affluent nations (the United States, European Union, etc.