US EditionElizabeth Warren Probes Lutnick Son on Reported Tariff Bets
6 Articles
6 Articles
Cantor Fitzgerald LP held internal discussions on the possibility of facilitating transactions for hedge funds based on the legal challenges against tariffs imposed by the Trump administration, but ruled out the idea before carrying out any operation, according to people familiar with the matter.The New York-based investment and brokerage bank was led for three decades by Howard Lutnick, current U.S. Secretary of Commerce and a key figure in the…
Elizabeth Warren Probes Lutnick Son on Reported Tariff Bets
Democratic Senators Elizabeth Warren and Ron Wyden wrote a letter to Cantor Fitzgerald LP Chairman Brandon Lutnick raising questions about possible conflicts of interest and insider trading in bets the firm reportedly made on the legality of Trump administration tariffs.
Senators Press Howard Lutnick’s Former Investment Firm Over Tariff Conflict of Interest Concerns
Senators Ron Wyden and Elizabeth Warren are demanding answers from Cantor Fitzgerald after WIRED reported that the firm was essentially creating a way for clients to bet on whether Trump’s tariffs will be struck down in court.
Senators Wyden and Warren accused Cantor of profiting from insider access to Trump-era tariff policy
Senators Ron Wyden and Elizabeth Warren are demanding answers from Cantor over what they say could be a textbook case of insider trading. The company, run by Brandon Lutnick — son of current U.S. Commerce Secretary Howard Lutnick — is under scrutiny for offering trades connected to Trump-era tariffs. Wyden, who’s the ranking Democrat on the Senate Finance Committee, and Warren, who holds the same position on the Senate Banking Committee, sent a …
Financial services firm Cantor Fitzgerald discussed internally brokering trades for hedge funds based on the outcome of lawsuits against Trump tariffs, but scrapped the idea without any deals taking place, according to people familiar with the matter.
Senators Press Howard Lutnick’s Former Funding Agency Over Tariff Battle of Curiosity Issues
Final month, WIRED reported that the funding banking arm of Cantor Fitzgerald, a monetary companies firm led by the sons of US commerce secretary Howard Lutnick, was exploring making a monetary product for shoppers to wager on whether or not President Donald Trump’s signature tariffs can be struck down in court docket. In response to WIRED’s reporting, Democratic senators Ron Wyden and Elizabeth Warren despatched a letter to Cantor Fitzgerald ch…
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