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Linqto: structure, investor interests and proceedings

Forge entities, Schwab ownership and the trustee dispute

Holdings, operating company, trust company and securities subsidiary are distinct. Schwab ownership does not settle disputed trustee obligations.

published
11 oct 2026
updated
12 oct 2026
records as of
09 oct 2026
entities
414
sources
141
cite entities.csv

1Separate corporate and regulated roles

analysisForge Global, Inc., founded as Equidate, became Holdings' direct wholly owned subsidiary in the March 2022 SPAC combination. Schwab acquired Forge Global Holdings on March 2, 2026; the surviving corporation was wholly owned and its directors and officers were replaced at completion. Those merger-date roles do not establish indefinite continuing office or liability in the later Linqto dispute. 1 2

attributedForge's 2022 annual report identifies Forge Trust Co. as a wholly owned South Dakota non-depository trust company authorized for self-directed IRA custody and regulated by the state banking division. 1

qualification
The annual report establishes group/custody capacity, not that Forge Trust acted as custodian of Linqto customer securities.

attributedThe annual report identifies Forge Securities LLC as a subsidiary broker-dealer regulated by SEC and FINRA and operator of an alternative trading system for private securities. 1

qualification
Named supplier status in the Linqto record does not establish the scope of any executed custody or trading mandate.

analysisForge Trust and Forge Securities have their own regulated functions. Forge Trust's reported custody assets and account totals describe its business; they do not establish a mandate to hold Linqto customer securities. The corporate parent, operating company, trust company and securities subsidiary remain distinct participants. 3 4

attributedAn August 10, 2026 Linqto announcement says it continued litigation against Forge Global, Inc. and its owner Schwab; the retained complaint separately names Forge Global Holdings as defendant. 4

qualification
The announcement's group-level naming is distinct from the legal defendant in the retained complaint.

sources in this section

  1. Forge Global Holdings Form 10-K for 2022 U.S. Securities and Exchange Commission EDGAR
  2. Forge Global Holdings Form 8-K: Schwab merger completion, March 2, 2026 U.S. Securities and Exchange Commission EDGAR · 2 Mar 2026
  3. Company statement source · s-d148 identified by category only · Company statement
  4. Company statement source · s-d125 identified by category only · Company statement

2Identity in the trustee dispute

analysisThe plan-selection announcement named Forge Global, Inc., while the debtors' adversary complaint named Forge Global Holdings, Inc. Forge's answer attributes negotiations and the July 15 refusal communication to operating-company representatives but denies an enforceable obligation, appointment, breach, causation and the alleged Schwab instruction. It says the August 19 stipulation withdrew compulsory-performance and equitable demands. That stipulation was not independently retained, and no merits judgment is established. The relationship page gives the full competing accounts and procedural limits. 1 2 3

sources in this section

  1. Court record source · s-d62 identified by category only · Court record
  2. Court record source · s-d199 identified by category only · Court record
  3. Company statement source · s-d125 identified by category only · Company statement

Recorded connections

cite this dossier

DossierTwist, “Linqto: structure, investor interests and proceedings”, dt.003, 11 October 2026 (updated 12 October 2026), https://osint.v3rta.com/dossiers/linqto/

Free to read, cite and republish with credit under CC BY 4.0: credit “DossierTwist” and link to the dossier.

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