Linqto, Inc., a leading financial technology platform offering accredited investors access to late-stage, privately held companies, has confirmed that the underlying shares of platform companies are secure. This assurance comes after a third-party advisory firm conducted an independent analysis of the underlying stock owned by Linqto’s affiliate, Linqto Liquidshares, LLC (Liquidshares).
Independent Review of Platform Shares:
- Third-Party Advisory Firm Analysis:
- Linqto’s Board of Directors retained a third-party advisory firm to review the records maintained on independent equity management platforms and other investor records. The review did not reveal any discrepancies with Linqto’s internal analysis.
- Security of Investments:
- The independent analysis confirmed that there are no issues with the underlying shares, ensuring that the investments made through Linqto’s platform remain secure.
CEO Statement on Investor Confidence:
- Comment from CEO Dan Siciliano:
- “Retaining investor confidence during this period of internal and external regulatory investigations into the wrongdoings of prior management is critical for the future viability of Linqto,” said Linqto CEO Dan Siciliano. “We are confident that the economic interests of our unitholders are intact and thank our third-party partner for their detailed analysis.”
- Commitment to Transparency:
- Linqto remains committed to transparency and continues to cooperate with regulators in the ongoing investigations concerning compliance violations under previous management.
Platform Status and Ongoing Investigations:
- Suspension of Platform Transactions:
- Due to the ongoing investigations, transactions on the Linqto platform remain suspended. The company is unable to predict when the platform will be fully operational again but will provide updates when available.
- Focus on Compliance and Security:
- Linqto is focused on ensuring that all unitholder investments are secure and that the platform’s operations are in full compliance with regulatory standards.
