Watchdog: Trump ‘Drug Czar’ Marks 33rd Administration Pick Tied to Right-Wing Media Misinformation Platforms
Accountable.US: So-Called ‘No Rogue Rulings Act’ Is a Gift to Conservative States and a Smokescreen for Right-Wing Judge Shopping
House Republicans Expected to Clear the Way for Musk’s Financial Enrichment
Upcoming SCOTUS Case Part Of Larger Leonard Leo-Linked Campaign Threatening Health Care for Millions Of Americans
TODAY: House Republicans Expected to Side With Wall Street on Overdraft Fees
Watchdog: Trump ‘Drug Czar’ Marks 33rd Administration Pick Tied to Right-Wing Media Misinformation Platforms
Accountable.US: So-Called ‘No Rogue Rulings Act’ Is a Gift to Conservative States and a Smokescreen for Right-Wing Judge Shopping
House Republicans Expected to Clear the Way for Musk’s Financial Enrichment
Upcoming SCOTUS Case Part Of Larger Leonard Leo-Linked Campaign Threatening Health Care for Millions Of Americans
TODAY: House Republicans Expected to Side With Wall Street on Overdraft Fees
Site Menu

A recent Accountable.US analysis uncovered that Lutnick’s family-run financial services firm Cantor Fitzgerald reported holding nearly $840 million in Tesla Inc. in its most recent holdings report

WASHINGTON, DC — Today, Accountable.US applauds Senator Elizabeth Warren and Congresswoman Maxine Waters, top ranking Democrats on the Senate Banking Committee and House Financial Services Committee, and Congressional Democrats, for their call for the Office of Government Ethics to investigate Trump Commerce Secretary Howard Lutnick for urging the public to “buy Tesla” stock last week on national television. 

Hours after Lutnick’s comments, an Accountable.US analysis uncovered that Lutnick’s family-run financial services firm, Cantor Fitzgerald, reported holding nearly $840 million in Tesla Inc. in its most recent holdings report. And conveniently, Lutnick’s pitch to would-be investors came on the same day Cantor Fitzgerald analysts upgraded Tesla to a “buy” rating. 

Accountable.US. research has previously documented billions of dollars of interests that Cantor Fitzgerald is involved in that could directly benefit from Lutnick’s role as Commerce Secretary. After being forced to divest from his business empire once he became Commerce Secretary, Lutnick reportedly gave “control” of his businesses to his two 20-something-year-old sons.

“

Howard Lutnick’s ‘buy Tesla’ pitch is the latest abuse of power by an Administration that is more focused on self-dealing schemes to benefit themselves, than bringing down everyday costs for regular Americans. The fact that Lutnick conveniently failed to mention his own business interests in Tesla, while using the federal government to boost Elon Musk’s company, is yet another glaring example of ethical misconduct. Accountable.US applauds members of Congress for urging the Office of Government Ethics to investigate the matter immediately.”

Accountable.US Executive Director Tony Carrk
back to top