BGC reported Lutnick's divestiture complete with no voting power
BGC reported on October 6, 2025 that Lutnick completed his divestiture and had no voting or dispositive power over its securities.
Entities and roles
- Howard LutnickTrump-appointed commerce secretary and former Cantor Fitzgerald chief
- Donald J. Trumpappointing president and cabinet principal for Howard Lutnick
- BGC Group, Inc.divested public company
- Cantor Fitzgerald, L.P.family-controlled shareholder after divestiture
Relationships in this file
- Donald J. TrumpTrump-appointed commerce secretary and former chief of Cantor FitzgeraldHoward Lutnick
Claims and evidence
- factdocumented
BGC's October 2025 Form 8-K says Howard Lutnick completed his divestiture and thereafter had no voting or dispositive power over BGC securities.
- U.S. Securities and Exchange Commission: BGC Group Form 8-K reporting completion of Howard Lutnick's divestitureItem 5.02; completion of Lutnick's divestiture and resulting voting and dispositive power
- U.S. Securities and Exchange Commission: BGC Group, Inc. 2025 annual reportLeadership succession, divestiture, family-control, voting-power, and business-description sections
- Associated Press: Trump's Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 daysPassages identifying Lutnick as Trump's Commerce nominee, his former Cantor leadership, and his announced divestiture pledge