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Can Carta Cancel Securities when users offboard?
- Terr_ 2y agoDoing some digging for more context, and found this FAQ entry [0] > In cases where Carta will no longer serve as the SEC registered Transfer Agent for US companies, all securities from the issuing company will be marked as ‘canceled’ within your portfolio. > This does not mean that the underlying securities themselves are canceled or terminated. A banner will be displayed in your portfolio to clarify this distinction. [...] So it sounds less like "old agreements and contacts are voided" and more like "your legal stuff still exists but we aren't managing it for you, better figure that out amongst yourselves." [0] https://support.carta.com/kb/guide/en/what-happens-to-my-securities-if-my-company-leaves-carta-5wMTXHmFS0/Steps/3724410,3736932 https://support.carta.com/kb/guide/en/what-happens-to-my-sec...