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 …
The Securities and Exchange Commission on Thursday charged finance/brokerage firm Cantor Fitzgerald with fraud over making misleading disclosures in SEC filings, leading to the company paying a $6.75 million settlement without admitting or denying the charges. Cantor’s CEO, Howard Lutnick, is President-elect Donald Trump’s nominee for commerce secretary and co-chair of the Trump transition team. According to the SEC, two …
