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Cantor Fitzgerald Pays SEC $6.75M for Alleged SPAC Abuses
News December 13, 2024 at 12:28 PM
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What You Need To Know
- The firm, led by Howard Lutnick, misled investors in two blank-check firms before their stock-market debuts, the SEC says.
- Lutnick, tapped by President-elect Donald Trump to run the Department of Commerce, isn’t a defendant in the civil case.
- “No investor was ever harmed by the alleged issues described in the order,” Cantor said in a statement.
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