North America
Wall Street Broker Cantor Fitzgerald Pays $6.75 Million to SEC for Misleading SPAC Disclosures
• Wall Street brokerage Cantor Fitzgerald has agreed to pay a $6.75 million penalty to settle SEC charges over misleading SPAC disclosures.
• The penalty was imposed by the SEC on charges that Cantor Fitzgerald misled investors in blank-check companies it controlled.
• The regulator stated that no investor was harmed by the alleged issues described in the order.
• Cantor Fitzgerald’s actions were deemed to be in the best interest of the company and its investors.
