Cantor Fitzgerald Pays SEC $6.75M for Alleged SPAC Abuses

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.