Howard Lutnick Is Scouting Trump’s Nominees. Some Will Oversee His Interests.

Published On Nov 9, 2024, 8:33 AM

Howard Lutnick, a Wall Street financier, is leading the search for appointees in President-elect Donald Trump's transition team while simultaneously managing his financial businesses. This dual role raises ethical concerns about potential conflicts of interest, particularly regarding the regulatory agencies overseeing his enterprises. It remains uncertain whether he has adhered to transition ethics, which require disqualification from matters that could interfere with personal business interests.

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The situation could create uncertainty in the financial sector, especially regarding regulations impacting Lutnick's businesses. Given the potential for conflicts and scrutiny, investor sentiment may turn negative, particularly for firms directly overseen by the potential new appointees.

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