Howard Lutnick Sheds Ownership Stakes in Cantor Fitzgerald, BGC, Newmark
Commerce Secretary Howard Lutnick reached deals to sell or transfer away his ownership interests in multiple affiliated companies as part of a government ethics agreement.
The financial services firm Cantor Fitzgerald said Monday that Lutnick, its former chairman and chief executive, has agreed to transfer his ownership to trusts benefiting his sons Brandon Lutnick and Kyle Lutnick, as well as Lutnick's other adult children.
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