“Lutnick may have stood to gain personally from his appearance, as well: the financial firm he founded, Canter Fitzgerald, had nearly $300 million in Tesla shares on its books as of the end of last year.
Lutnick told lawmakers during his Jan. 29 confirmation hearing that he would sell all of his holdings within 90 days of that date. The document that would accompany such a divestiture doesn’t yet appear on the U.S. Office of Government Ethics website.
Lutnick vowed in the ethics agreement he submitted during his nomination that he wouldn’t “participate personally and substantially in any particular matter” that could impact Cantor Fitzgerald’s finances.
Cantor Fitzgerald had no immediate comment. The Commerce Department didn’t respond to a request for comment.”
(Article) “Lutnick’s Pitch to Buy Tesla Stock Is Unprecedented and Alarming, Historians Say”
-BARRON’S