[adoxyz]

Companies typically use Carta to manage their cap table, shares, and overall ownership of the company.

This requires a high level of trust as there is a lot of financial information at stake.

Carta seems to be taking this confidential information and is potentially sharing it with other investors and soliciting investors to sell their shares.

This is a big no-no.

[zerothOffset]

Same can be said about JP Morgan who solicts you with credit card offers and other financial products no?

They know where you live and how much is your credit score you bank balance

[liamwestray]

None of those things have a material effect on anyone by JP Morgan.

The “service” Carta is selling here is your company to other people.

Given 99% of private companies have specific limitations on not being able to do this with a company’s securities, this almost certainly runs afoul of SEC, FINRA, and other fraud regulations.