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Quinn Sental

Lutnick's company hit with SEC violation

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 is one of the biggest dealers of US government debt, according to Financial Times. Cantor’s CEO, Howard Lutnick, is President-elect Donald Trump’s nominee for commerce secretary and co-chair of the Trump transition team. He’s been a vocal supporter of Trump’s proposed policies, including foreign tariffs and deregulation.

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