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SEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities laws

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Summary
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84% Informative

Securities and Exchange Commission charged Cantor Fitzgerald with violating laws related to disclosures by so-called blank-check companies before they raised money from the public.

Cantor agreed to settle the case by saying the firm would not violate the relevant securities laws again and pay a $6.75 million civil penalty.

Cantor 's chairman and CEO, Howard Lutnick , was recently nominated by President-elect Donald Trump to lead the Commerce Department .

VR Score

86

Informative language

89

Neutral language

17

Article tone

formal

Language

English

Language complexity

69

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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