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The U.S. Securities and Exchange Commission has charged a top financial services firm led by President-elect Donald Trump's nominee to become Secretary of Commerce with violating federal law, according to multiple reports. Cantor Fitzgerald, led by its CEO and chairman Howard Lutnick, was charged by the SEC with "violating laws related to disclosures by so-called blank-check companies before they raise …

Trump taps financial services company CEO as commerce secretary

Washington, US President-elect Donald Trump on Tuesday tapped the CEO of a top financial services company as his commerce secretary and US trade representative. "I am thrilled to announce that Howard Lutnick, chairman and CEO of Cantor Fitzgerald, will join my administration as the US Secretary of Commerce," Trump said. "In his role as co-chair of the Trump-Vance transition team, …