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Cantor Fitzgerald

All articles tagged with #cantor fitzgerald

politics6 days ago

Democrats launch oversight push after Trump-era mineral financing spree

Democrats plan aggressive scrutiny of the Trump administration’s multi‑billion‑dollar push into domestic critical minerals, citing possible conflicts of interest with the Trump family and Cantor Fitzgerald as they demand records and consider subpoenas. With hundreds of deals and billions in federal backing aimed at reshoring supply chains, lawmakers are probing firms like Vulcan Elements, USA Rare Earth, and Kaz Resources, while the White House defends the program as vital to national security and industry cautions about chilling investment.

via Politico|
#cantor-fitzgerald#critical-minerals#mining
Lutnick Linked to Epstein Island Visit in 2012 Documents
politics6 months ago

Lutnick Linked to Epstein Island Visit in 2012 Documents

New DOJ-released Epstein files show Howard Lutnick, then-CEO of Cantor Fitzgerald and Trump’s commerce secretary, arranged a 2012 trip that involved Epstein’s island and included emails about meeting him, with later notes suggesting Epstein was invited to a 2015 Hillary Clinton fundraiser; Lutnick says he spent zero time with Epstein and has described him as a neighbor; the Commerce Department did not comment.

via The Guardian|
#cantor-fitzgerald#doj-files#epstein
Trump Bets Big on U.S. Rare-Earths With $1.6B Investment
business7 months ago

Trump Bets Big on U.S. Rare-Earths With $1.6B Investment

The Trump administration announced up to $277 million in direct funding and up to $1.3 billion in loans to USA Rare Earth to bolster domestic supply chains for rare earth minerals and magnets, taking about 16 million shares plus a warrant for 17.6 million more as part of broader government equity stakes in private firms. The effort, aiming to reduce China’s dominance in critical materials, includes a Texas mine slated for 2028 and an Oklahoma magnetics project, and comes amid scrutiny over Cantor Fitzgerald’s ties to Commerce Secretary Lutnick.

via The New York Times|
#business#cantor-fitzgerald#commerce-department
Cantor Fitzgerald Settles SEC Charges Amid Trump Nominee Controversy
business1 year ago

Cantor Fitzgerald Settles SEC Charges Amid Trump Nominee Controversy

The SEC has charged Cantor Fitzgerald with misleading SPAC investors, resulting in a $6.75 million penalty. The firm, led by Howard Lutnick, who is nominated by President-elect Trump for Commerce Secretary, allegedly engaged in undisclosed merger discussions before IPOs. The case highlights potential regulatory leniency under a GOP-controlled SEC, as dissenting Commissioner Mark Uyeda argued the omissions were not material.

via Axios|
#business#cantor-fitzgerald#howard-lutnick
Cantor Fitzgerald Settles SEC Charges for $6.75M Over SPAC Misconduct
business1 year ago

Cantor Fitzgerald Settles SEC Charges for $6.75M Over SPAC Misconduct

The SEC has charged Cantor Fitzgerald with violating securities laws related to regulatory disclosures by SPACs, resulting in a $6.75 million settlement. The charges involve misleading investors about merger discussions before SPAC IPOs. Howard Lutnick, Cantor's CEO and Trump's Commerce Secretary nominee, is implicated, raising questions about the Trump transition team's awareness of the investigation. Cantor did not admit or deny the charges, and no investors were reportedly harmed.

via CNBC|
#business#cantor-fitzgerald#howard-lutnick
Cantor Fitzgerald Settles SEC SPAC Charges for $6.75 Million
business1 year ago

Cantor Fitzgerald Settles SEC SPAC Charges for $6.75 Million

Cantor Fitzgerald, led by Howard Lutnick, has agreed to pay a $6.75 million penalty to the SEC for allegedly misleading investors about discussions with potential merger targets for its special purpose acquisition companies (Spacs) before their public offerings. The SEC claimed Cantor had substantive talks with companies like View and Satellogic, contrary to its public disclosures. Cantor settled without admitting liability, stating no investor was harmed. This case is part of the SEC's broader scrutiny of Spacs under outgoing chair Gary Gensler.

via Financial Times|
#business#cantor-fitzgerald#howard-lutnick
finance1 year ago

Cantor Fitzgerald Settles SEC Charges for Misleading SPAC Disclosures

The SEC has charged Cantor Fitzgerald with causing two SPACs it controlled to make misleading statements to investors before their IPOs, resulting in a $6.75 million civil penalty. The SPACs, CF Finance Acquisition Corp. II and CF Acquisition Corp. V, falsely claimed in SEC filings that they had not engaged in discussions with potential merger targets, despite having done so. Cantor Fitzgerald agreed to settle the charges without admitting or denying the findings.

via SEC.gov|
#cantor-fitzgerald#finance#ipo
Trump's Cabinet Picks Stir Controversy with Wall Street Ties
business1 year ago

Trump's Cabinet Picks Stir Controversy with Wall Street Ties

Howard Lutnick, CEO of Cantor Fitzgerald, is nominated by Donald Trump for Commerce Secretary, despite being a controversial figure on Wall Street. Known for his resilience after losing employees in 9/11, Lutnick is also criticized for self-dealing and aggressive business practices. His nomination highlights his loyalty to Trump and his combative business style, which some see as aligning with Trump's own approach.

via Forbes|
#business#cantor-fitzgerald#commerce-secretary
Trump's Cabinet Picks: Lutnick for Commerce, Rowan Eyed for Treasury
politics1 year ago

Trump's Cabinet Picks: Lutnick for Commerce, Rowan Eyed for Treasury

President-elect Donald Trump has chosen Howard Lutnick, CEO of Cantor Fitzgerald and a major financial backer of Trump's campaign, as his nominee for Commerce Secretary. Lutnick, a prominent Wall Street figure, has been involved in Trump's transition team and is known for his business acumen and loyalty. If confirmed, he will oversee agencies focused on economic growth and trade, and has expressed support for Trump's tariff policies and the crypto industry. Lutnick's nomination reflects Trump's emphasis on business experience in his administration.

via POLITICO|
#cantor-fitzgerald#commerce-secretary#donald-trump
Trump to Nominate Howard Lutnick as Commerce Secretary Amid Treasury Speculation
politics1 year ago

Trump to Nominate Howard Lutnick as Commerce Secretary Amid Treasury Speculation

President-elect Donald Trump plans to nominate Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary. Lutnick, a strong supporter of Trump's economic policies including tariffs, was initially considered for Treasury Secretary but is now set to lead the Commerce Department, which will play a crucial role in implementing tariffs and overseeing the CHIPS and Science Act. Lutnick, who has been a prominent business figure since the 9/11 attacks, will need to step back from his roles at Cantor Fitzgerald and other ventures to assume this position.

via Axios|
#cantor-fitzgerald#commerce-secretary#howard-lutnick