“SEC says Cantor Fitzgerald, led by Trump Commerce pick Lutnick, broke law.”

The SEC charged Cantor Fitzgerald with violating laws related to disclosures by so-called blank-check cos. before they raise money from the public.

Cantor agreed to settle the case by saying the firm wouldn't violate the relevant securities laws again & pay a $6.75M civil penalty.

A crock nominated another crock, Lutnick is one of many in Trump’s circle.

#USPol #Corruption #SECEnforcement
https://www.cnbc.com/2024/12/12/sec-cantor-fitzgerald-charges-howard-lutnick-trump-commerce-spac-.html