All articles tagged with #cantor fitzgerald
Investors are concerned about US banks following allegations of fraudulent corporate lending linked to Cantor Fitzgerald, leading to significant market declines and a loss of confidence in credit markets, although some major banks remain resilient and see the situation as isolated incidents.
Cantor Fitzgerald is renegotiating the terms of its acquisition of UBS's O’Connor hedge fund unit due to significant losses from the bankruptcy of First Brands Group, including discussions to exclude a risky strategy and lower the purchase price, amid broader concerns about trade finance sector risks and UBS's financial stability.
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.
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.
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.
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.
Howard Lutnick's Cantor Fitzgerald is in discussions with Tether Holdings Ltd. to enhance their financial relationship, focusing on a Bitcoin lending program. This move aims to strengthen ties with Tether, the issuer of the world's largest stablecoin, USDT.
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.
Howard Lutnick, CEO of Cantor Fitzgerald, is poised to potentially disrupt global trade through strategic business maneuvers. His approach could significantly impact market dynamics, leveraging Cantor Fitzgerald's resources and influence to reshape trade practices and economic interactions on a global scale.
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.
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.
Amgen's shares declined after Cantor Fitzgerald raised safety concerns about its obesity drug candidate, MariTide (AMG-133), citing potential risks of bone mineral density loss.
Nvidia shares slipped despite Cantor Fitzgerald raising its price target to $1,200 from $900 ahead of the GTC event, where CEO Jensen Huang is expected to offer insight into the future of AI. The semiconductor giant is likely to focus on democratizing artificial intelligence as an accelerated computing platform company, with the event running from March 18th to March 21st.