Lutnick Lists 800 Firms in Complex Billionaire Ethics Filing (1)

Howard Lutnick, President Donald Trump’s nominee to lead the Commerce Department, detailed his wealth and influence across hundreds of firms and left open the possibility of his adult children buying his holdings if he wins confirmation.

Lutnick, chief executive officer of Wall Street investment bank and brokerage Cantor Fitzgerald LP, confirmed he’ll divest his interests in the three core firms that constitute his business group: Cantor Fitzgerald, brokerage BGC Group Inc. and property firm Newmark Group Inc. Documents released by the US Office of Government Ethics also show roles in at least 800 legal entities.

In his ...