Howard Lutnick Hands Over Cantor Fitzgerald to Sons and Investors as He Joins Trump’s Cabinet

Howard Lutnick, former CEO of Cantor Fitzgerald LP and current U.S. Commerce Secretary, has sold his ownership stakes in the Wall Street business group he led for over three decades. The transfer of ownership marks a generational shift, as the stakes were placed into trusts benefiting his children, particularly his sons Brandon and Kyle, who…