Cantor Fitzgerald Ireland hit with six-figure fine for failing to report suspicious transactions

The Central Bank fined Cantor Fitzgerald €452,790 for failing to report suspicious transactions, which the firm admitted was “reckless”. The chairman and CEO, Howard Lutnick, stepped aside to become President Trump’s commerce secretary. This is the second fine in a year for a financial firm for breaching market abuse regulations, with Goodbody Stockbrokers also being fined last February.

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