Cantor Fitzgerald's investment banking division, led by the Lutnick brothers, was reported to explore a financial product allowing clients to bet on the legality of Trump's tariffs. This raised concerns from Democratic senators about potential conflicts of interest since their father, Howard Lutnick, was the architect of the tariffs. Cantor Fitzgerald's spokesperson denied these allegations, asserting the company is not involved in any litigation claims related to tariffs. Additionally, experts classified the deals as litigation finance, a rising trend in legal investment.
Given that one of the purported architects of President Trump's tariff policy is Commerce Secretary Howard Lutnick, your father and the former Chairman and CEO of Cantor Fitzgerald, LP, the firm's actions raise obvious conflict-of-interest and insider dealing concerns.
What is being reported about our business is absolutely false. Cantor is not in the business of positioning any risk, taking views or facilitating business in litigation claims involving the legality of US tariffs.
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