Cantor Fitzgerald, led by Trump's Commerce pick, fined $6.75M for misleading SPAC investors.

The SEC has charged Cantor Fitzgerald, a financial firm led by President-elect Trump's Commerce Department nominee Howard Lutnick, with misleading investors in SPACs. The firm agreed to settle by promising to comply with securities laws and paying a $6.75 million penalty. The SEC found that Cantor caused two SPACs to falsely deny having substantive discussions with potential merger targets before their IPOs.

3 months ago
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