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International Business Times
International Business Times
Mark Moore

Cantor Fitzgerald, Run By Trump's Commerce Department Pick, Accused Of Misleading Investors

Cantor Fitzgerald, which is run by Donald Trump's pick for Commerce Secretary, has been accused by the Securities and Exchange Commission of misleading investors. (Credit: AFP)

Cantor Fitzgerald, run by President-elect Donald Trump's nominee to helm the Commerce Department, was charged by the Securities and Exchange Commission for misleading investors.

The Wall Street financial services firm, whose CEO is Howard Lutnick, agreed to pay $6.75 million to settle the charges, the SEC said.

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