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Cantor Fitzgerald charged with violations of securities laws by SEC

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The U.S. Securities and Exchange Commission has charged financial services company Cantor Fitzgerald with allegedly breaking securities laws.

Cantor has agreed to pay nearly $6.8 million to settle the charges related to regulatory disclosures by so-called blank-check companies.

Howard Lutnick, chair and CEO of Cantor, is President-elect Donald Trump's pick to lead the Commerce Department.

Read more from CNBC.

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