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Howard Lutnick

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world3 months ago

Howard Lutnick Labels Jeffrey Epstein the 'Greatest Blackmailer Ever'

Howard Lutnick, former neighbor of Jeffrey Epstein, called Epstein the 'greatest blackmailer ever' in a recent interview, contrasting with official DOJ and FBI findings that lack credible evidence of Epstein blackmailing prominent individuals or trafficking minors. Lutnick recounted his personal experience with Epstein and speculated about possible trades behind Epstein's 2008 plea deal, raising questions about the extent of Epstein's activities and the potential for further investigation.

via Axios|
#blackmailer#howard-lutnick#investigation
business7 months ago

Lutnick: U.S.-China Tariffs Remain Unchanged for Now

Howard Lutnick discusses the recent US-China trade negotiations, highlighting a mutual 'annoyance' strategy where both sides use tariffs and export restrictions as leverage. He notes that President Trump opted for a positive approach, leading to an agreement that includes China approving US rare-earth magnet licenses and the US easing some export restrictions, while maintaining high tariffs. Lutnick emphasizes the US's strong bargaining position and the administration's focus on securing better trade deals to open markets and reduce the trade deficit.

via CNN|
#business#howard-lutnick#rare-earth-magnets
business1 year ago

Cantor Fitzgerald Settles SEC Charges Amid Trump Nominee Controversy

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.

via Axios|
#business#cantor-fitzgerald#howard-lutnick
business1 year ago

Cantor Fitzgerald Settles SEC Charges for $6.75M Over SPAC Misconduct

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.

via CNBC|
#business#cantor-fitzgerald#howard-lutnick
business1 year ago

Cantor Fitzgerald Settles SEC SPAC Charges for $6.75 Million

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.

via Financial Times|
#business#cantor-fitzgerald#howard-lutnick
politics1 year ago

Howard Lutnick: From Wall Street's Villain to Trump's Commerce Secretary

Elon Musk, a strong political ally of Donald Trump, suggested Howard Lutnick for Treasury Secretary, but Trump chose hedge fund manager Scott Bessent instead. This decision highlights a limit to Musk's influence on Trump, despite Musk's significant support for Trump's 2024 campaign. Bessent, a Wall Street veteran, aligns with Trump's economic views and is seen as a stabilizing figure. Meanwhile, Lutnick was nominated for Commerce Secretary, indicating Musk's influence in other areas of the administration.

via Business Insider|
#donald-trump#elon-musk#howard-lutnick
politics1 year ago

Trump's Commerce and Treasury Picks: Wall Street Titans in Focus

Howard Lutnick, CEO of Cantor Fitzgerald, has been named by President-elect Donald Trump as his pick for Secretary of Commerce. Lutnick, a prominent Wall Street figure, is known for his leadership during the 9/11 attacks, which claimed the lives of 658 employees, including his brother. As Commerce Secretary, Lutnick will lead the administration's trade and tariff strategy, advocating for higher tariffs to protect U.S. businesses. His close ties to Trump and potential conflicts of interest, such as his company's involvement with Tether, have raised concerns.

via Yahoo Finance|
#911-attacks#commerce-secretary#donald-trump
politics1 year ago

Trump's Commerce and Treasury Picks Stir Controversy and Speculation

President-elect Donald Trump has chosen Howard Lutnick, CEO of Cantor Fitzgerald, as his pick for Secretary of Commerce. Lutnick, a prominent Wall Street figure known for his resilience after losing nearly 70% of his employees in the 9/11 attacks, will lead the administration's strategy on tariffs and trade. Lutnick, who has been a significant donor and advisor to Trump's campaign, is expected to focus on raising tariffs to protect U.S. businesses. His appointment has raised concerns about potential conflicts of interest, particularly regarding cryptocurrency.

via Fortune|
#911-attacks#commerce-secretary#donald-trump
business1 year ago

Trump's Cabinet Picks Stir Controversy with Wall Street Ties

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.

via Forbes|
#business#cantor-fitzgerald#commerce-secretary