Carta CEO Henry Ward claimed that an employee had violated internal policies, affecting three companies, including Linear. He also said Carta had launched an investigation and reached out to the impacted founders, and on Monday, that it would be exiting its secondaries business entirely to avoid conflicts of interest.

The owner, Vince Larney, began Equity Management in the early 1990s while simultaneously running his first business, Consumer Car Company. After over 30 years in business, he has created an impressive portfolio serving many areas throughout Trumbull and Mahoning Counties.

You'll be able to build your company's foundation, establish your cap table, access educational resources tailored to early-stage founders, and start fundraising—all for free. Your company can grow without the need to change to a new platform.

Carta was founded as eShares in 2012 by entrepreneur Henry Ward and serial investor Manu Kumar. Ward became CEO and Kumar became the company's Chairman. The company launched when the founders saw a need for venture-backed companies to electronically manage equity, issue securities, and track their cap tables.