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Private Market Blowups Highlight Perils for Retail Investors

Markets

Steven Church, Sabrina Willmer

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September 30, 2025

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Bloomberg

Massage therapist James Lakin didn’t even know it was possible for outsiders to buy stakes in private companies until a client told him that he could be approved to do so on a platform called Linqto. Now, he’s one of thousands of retail investors with frozen savings after the firm filed bankruptcy.

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