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Trump Commerce Pick’s Firm to Pay Millions for Federal Law Violations

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The U.S. Securities and Exchange Commission has charged a top financial services firm led by President-elect Donald Trump’s nominee to become Secretary of Commerce with violating federal law, according to multiple reports.

Cantor Fitzgerald, led by its CEO and chairman Howard Lutnick, was charged by the SEC with “violating laws related to disclosures by so-called blank-check companies before they raise money from the public,” CNBC reports. “The SEC said that Cantor agreed to settle the case by saying the firm would not violate the relevant securities laws again and pay a $6.75 million civil penalty.”

Lutnick, a “major Republican donor, who donated millions to Trump’s campaign,” according to NPR, also serves as the co-chair of Trump’s presidential transition team. He was awarded that honor just two weeks after hosting a fundraiser for Trump at his home in the Hamptons that raised $15 million.

READ MORE: ‘Bad Idea’: Trump’s Plan to Cut Vaccines He Deems ‘Dangerous’ Met With Concern by Experts

“Among the roughly 130 people who dined under an air-conditioned tent were some of Donald Trump’s wealthiest supporters, including the billionaire hedge-fund financier Bill Ackman, who sat next to the former president, and Omeed Malik, the president of another fund, 1789 Capital,” The New York Times reported in August.

Lutnick, a cryptocurrency supporter, was described as “pugnacious” by The Financial Times this week in an article titled, “The criminal’s ‘go-to cryptocurrency’ has a new friend in the White House.”

“Howard Lutnick has defended the stablecoin company which has been used by gangs and US adversaries,” FT reported, sharing how he “regaled an audience of crypto devotees in Nashville with tales of his early days exploring the world of digital currencies.”

“’I met every criminal who’s now in prison,’ the 63-year-old joked, referring to his encounters with various youthful crypto executives now serving lengthy jail sentences for fraud.”

CNBC also reports the settlement is similar to one affecting became a Trump-related business.

READ MORE: ‘Did He Lie?’: Trump Questioning His Price-Lowering Promises Are Possible Sparks Anger

“Cantor’s settlement echoes an $18 million settlement another blank-check firm, Digital World Acquisition Corp., agreed to pay to the SEC in July 2023 after being charged with fraud for failing to disclose to investors that DWAC had extensive merger discussions with Trump’s then-private social media company, Trump Media. DWAC merged with Trump Media earlier this year.”

Before Election Day, Lutnick promoted the debunked conspiracy theory that vaccines cause autism, and suggested children who are vaccinated may not be “fine,” during a CNN interview (below). He also stated that Robert F. Kennedy Jr.—who some describe as an anti-vaxxer and has said there are no vaccines that are safe and effective—would not be Trump’s nominee to head Health and Human Services (HHS), a prediction that turned out to be wrong.

Watch the video below or at this link.

READ MORE: ‘Marxist’ Agenda: Hegseth Says Gay Troops ‘Erode Standards’ in ‘Social Engineering’ Push

 

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Trump: ‘We’re Bringing Back God’

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President Donald Trump delivered a forceful message to attendees at the March for Life rally in Washington, D.C.

In pre-recorded remarks, the president told the anti-abortion gathering, “under the Trump administration, we’re strongly defending religious liberty, we’re bringing back faith in America.”

“We bringing back God,” Trump declared.

Having praised the end of the constitutional right to abortion, Trump said, “the work to rebuild a culture that supports life continues in every state, every community, and every part of our beautiful land.”

“This is a battle that must be fought, must be won, not only in the corridors of power, but, above all, in the hearts and souls of the people,” he continued, suggesting a desire to end all abortion in the United States.

“We have stopped forced taxpayer funding of abortion at home and abroad, we’re championing faith-based adoption and foster care, and supporting our parents by investing $1,000 into an account that will grow over time for every newborn baby.”

READ MORE: ‘Good Chance’ Trump Will Be Electorally ‘Humiliated’ in November: Carville

Vice President JD Vance told attendees, “let the record show you have a vice president who practices what he preaches,” before announcing that he and his wife Usha are expecting their fourth child, as Fox News reported. “And it will be our third baby boy. So, we’ll take whatever prayers you can give. We certainly need them.”

Speaker of the House Mike Johnson also spoke at the rally, declaring that Republican policies “support” American families.

“Republicans are working hard to deliver on the mandate you gave us in the last election, to make it easier than ever before, to raise a family in this great country of ours. And because we know that support for American families doesn’t end at birth, our policies reflect this.”

Critics challenged Johnson’s claim.

Health care activist Melanie D’Arrigo remarked that Republicans offer no universal health care, paid family leave, universal childcare, a living wage as a minimum wage, affordable housing, or tuition-free public college, but, she said, they have rolled back labor laws, gutted food assistance, and deregulated food safety.

READ MORE: Trump Promotes His Triumphal Arch as Millions Face Massive Storm

 

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Trump Promotes His Triumphal Arch as Millions Face Massive Storm

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Americans in more than half the country are bracing for “hazardous ice, heavy snow and brutal cold” from a storm that a National Weather Service forecaster has predicted will be “crippling.” A potentially “catastrophic” ice storm is headed for the Southeast, and at least 14 states across the country have already declared a state of emergency.

The “potentially historic, massive winter storm will slam more than half of the United States today, moving east as it brings heavy snow, widespread ice accumulation and dangerous cold,” NBC News reported. “Up to a foot of snow is likely on the northern side of the system from Oklahoma to Massachusetts, according to the National Weather Service.”

About 1,300 flights have already been canceled ahead of the storm that is expected to hit 40 states across the nation.

Business Insider reported, “Americans strip store shelves bare as millions brace for a potentially historic storm.”

Meanwhile, President Donald Trump on Friday morning took the opportunity to mock what he called “Environmental Insurrectionists,” as he asked, “whatever happened to global warming???”

READ MORE: ‘Blitzkrieg Against Public Opinion’: Columnist Calls Trump’s Agenda a ‘Cry for Help’

Hours later, Trump posted to Truth Social artist’s renderings of his Triumphal Arch, which he wants built in Washington, D.C, near the Lincoln Memorial — with a start date of sometime in February. He wants it completed by Independence Day for the nation’s 250th anniversary celebration.

“It hasn’t started yet. It starts sometime in the next two months. It’ll be great. Everyone loves it,” Trump told Politico in December. “They love the ballroom too. But they love the Triumphal Arch.”

Last month, President Trump revealed what the White House’s top domestic policy goal is. The president shared with attendees at a Sunday holiday party that the “primary thing” for the head of his Domestic Policy Council, Vince Haley, is building Trump’s dream arch in Washington, D.C.

“Vince is unbelievable on policy. And we have a policy thing that’s going to be unbelievable happening,” Trump said of the proposed arch, as The Daily Beast reported.

READ MORE: ‘Good Chance’ Trump Will Be Electorally ‘Humiliated’ in November: Carville

“It’s something that is so special. Uh, it will be like the one in, in Paris, but to be honest with you, it blows it away. Blows it away in every way,” Trump said. “And Vince came in one day and his eyes were teeming. I mean, he couldn’t believe how beautiful it was. He saw it and he wanted to do that. That’s your primary thing.”

Critics slammed the president for focusing on his arch while ordinary Americans are struggling.

Patriot Takes, a social media account with nearly half a million followers, blasted the president, sarcastically saying he “is laser focused on things that matter to the American people.”

READ MORE: Sean Duffy’s DC IndyCar Grand Prix Dream Is Stalling
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‘Blitzkrieg Against Public Opinion’: Columnist Calls Trump’s Agenda a ‘Cry for Help’

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President Donald Trump’s coalition is “falling apart,” according to columnist Matt K. Lewis, who writes at The Hill that Trump’s list of accomplishments seems more like “a cry for help.”

Pointing to Trump’s rapid subject-changing, Lewis noted that the president kicked off the new year by invading Venezuela and capturing Nicolás Maduro.

“From there, things escalated briskly,” he wrote. “He defended an ICE agent who shot and killed a protester in Minneapolis named Renee Good. He threatened to invoke the Insurrection Act. He threatened to take Greenland — possibly by force. He threatened to slap tariffs on European allies over Greenland. He suggested his failure to win the Nobel Peace Prize justified taking Greenland. And he almost failed to issue any acknowledgment of Martin Luther King Jr. Day, waiting until bedtime to do so.”

Lewis says that while somewhere there is a “constituency” for each of these individual actions, “taken together, they resemble a blitzkrieg against public opinion.”

READ MORE: Sean Duffy’s DC IndyCar Grand Prix Dream Is Stalling

He summed up Trump’s low poll numbers and concluded, “America has seen this movie before, has been reminded of how it ends, and is already edging toward the exit.”

So, if the 2024 election held today, it’s “not at all clear” that Trump would win. he said, in part because “Trump’s winning coalition was so sprawling and incoherent that pleasing one group would automatically enrage another.”

So what’s happened in the past year?

“Trump is very good at campaigning and very bad at governing. This explains almost everything that has happened since he took office one year ago this week, including the nation’s rising consumption of Rolaids.”

Disappointment from the “newer members of his coalition” came from “the ultimate realization that Trump’s most electorally appealing promises — such as lowering grocery prices on day one — are never actually going to happen. Indeed, Trump’s policies — tariffs, for example — were almost custom-made to increase grocery prices, which is generally frowned upon by people who eat.”

As it turns out, “Trump’s true superpower … only works when he is not actually in charge.”

READ MORE: ‘Good Chance’ Trump Will Be Electorally ‘Humiliated’ in November: Carville

 

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