DownloadsWhy Amalith / Research
Look beyond the software. Examine the institutions behind it.
This page presents the project’s research notes on legal and regulatory matters involving groups listed in the original write-up as Canva investors or Adobe institutional holders.
These are historical matters involving named entities, individuals, predecessors, or portfolio companies. They do not establish misconduct by Canva or Adobe, or show that an investor directed either company’s product or pricing decisions.
The groupings come from the original research, not a verified current ownership register. Institutional holdings change, and an asset manager may hold shares on behalf of clients. Sources below address the individual matters; they do not independently establish every ownership relationship.
Read the original Markdown01 / Research record
Founder and GP Dave McClure was investigated internally over inappropriate conduct toward women. 500 said it found his behavior unacceptable. McClure acknowledged making inappropriate advances toward multiple women in work-related situations.
Innospan Corp. v. Intuit et al. alleged that after Shasta reviewed Innospan as a potential investment, Shasta misappropriated the "Mint" name and subsequently invested in Mint Software. Claims included misappropriation, unfair competition, conversion, and unjust enrichment.
Linked order documents the allegations and an intermediate ruling; the original notes report the ultimate dismissal. Final disposition citation still needs completion.
SEC found failures involving broker selection, undisclosed conflicts, supervision, recordkeeping, and best execution. Fidelity personnel accepted more than $1.6M in travel, entertainment, and gifts from brokerage firms seeking Fidelity business.
SEC found violations involving client funds exceeding statutory investment limits. Franklin Advisers subsequently sold ETFs to restore compliance, causing certain client funds more than $2M in losses, did not reimburse them under its normal trade-error policy, and failed to disclose the situation and conflicts to fund boards.
Separate earlier SEC proceedings involving conflicts and fund practices resulted in censures and approximately $20M in civil penalties against Franklin entities.
SEC found the investment manager caused prohibited joint transactions between U.S. money-market funds and an affiliated foreign fund without obtaining the required SEC exemption; the SEC found those transactions advantaged the foreign fund over the domestic funds.
Shareholders sued under §36(b) of the Investment Company Act alleging T. Rowe Price collected excessive advisory fees from eight mutual funds compared with fees charged to comparable subadvised clients.
Former plaintiff Marley Dominguez brought civil claims against ICONIQ.
Quadrant owned more than 90% of Grays Ecommerce when Grays engaged in conduct the Australian Federal Court found violated Australian Consumer Law through misleading vehicle listings.
The ACCC source establishes the outcome against Grays. The ownership percentage in the original notes needs a separate ownership citation; it is not a finding against Quadrant.
No comparably strong direct wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparably strong direct wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparably strong direct wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparably strong direct wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparably strong direct wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparably strong direct wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparably strong direct wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparably strong direct wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparably strong direct wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
02 / Research record
SEC found Vanguard made misleading statements about tax consequences associated with its Target Retirement Funds after lowering the institutional-fund minimum, contributing to unexpectedly large taxable capital-gains distributions for some retail investors.
SEC found BlackRock failed to disclose a portfolio manager's conflict involving a company in which he personally had approximately $50M invested and which became connected to the largest holding in a BlackRock-managed fund.
Separate SEC case: BlackRock inaccurately described a fund's Aviron investment and reported an incorrect interest rate. Aviron's founder was separately charged for misappropriating money invested by the BlackRock fund.
SEC found State Street routinely overcharged investment-company clients, including a secret markup on SWIFT messaging expenses. SEC said the overcharges totaled roughly $170M, including about $110M from the undisclosed markup.
SEC proceedings found Invesco fund entities entered market-timing arrangements that conflicted with fund prospectus disclosures and breached fiduciary duties to funds.
Related SEC order concerning an individual and the predecessor fund group; the entity-level financial-remedy citation still needs completion.
SEC charged Invesco in 2024 over misleading statements concerning how ESG considerations were supposedly integrated into investment decisions.
Legacy Credit Suisse investment-adviser entities continued providing fund services during a period when an injunction caused statutory disqualification issues under the Investment Company Act. Those businesses were subsequently integrated into UBS Asset Management.
No comparably strong direct SEC/DOJ wrongdoing finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparable direct regulator finding located in the research pass completed so far.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
No comparable direct wrongdoing proceeding located in the research pass completed so far. Recent SEC material located concerned routine exemptive applications rather than misconduct.
Research remains open. This describes the original research pass, not a finding of wrongdoing or a claim that no matter exists.
03 / Method and attribution
The labels matter. They separate what was alleged, what a regulator found, who prevailed, and whose conduct is actually being described.
Scope of this recordThis is not a determination of guilt or wrongdoing beyond what a cited matter established. Original notes are preserved, and remaining citation gaps are identified beside the relevant entries.