Senators Press Howard Lutnick’s Former Investment Firm Over Tariff Conflict of Interest Concerns

Senators Ron Wyden and Elizabeth Warren have raised concerns over potential conflicts of interest at Cantor Fitzgerald, the investment firm founded by Howard Lutnick. The senators' inquiry comes in response to a WIRED report that the firm was offering clients a way to bet on the outcome of legal challenges to President Trump's tariffs. The senators have requested information from Cantor Fitzgerald about the firm's involvement in tariff-related investment products, including any internal reviews or risk assessments conducted. They have also asked for details on the firm's policies and procedures regarding conflicts of interest and market manipulation. The concerns center around the potential for Cantor Fitzgerald to profit from the uncertainty surrounding the tariffs, which could create a perceived or actual conflict of interest. The senators are seeking to ensure that the firm's activities are in compliance with relevant laws and regulations.