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Ethically Challenged Commerce Secretary Lutnick Tells National TV Audience to Buy Tesla Stock (www.commondreams.org)

submitted 2 weeks ago by cm0002@lemmy.world to c/usa@midwest.social

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During a March 19 national television appearance, billionaire Trump Commerce Secretary and “close” Elon Musk associate, Howard Lutnick, urged the public to “buy Tesla” stock – a glaring ethics violation in light of government watchdog Accountable.US’ new analysis finding that Lutnick’s family-run financial services firm Cantor Fitzgerald reported holding nearly $840 million in Tesla Inc. in its most recent holdings report. Conveniently, Lutnick’s appeal to would-be average investors came on the same day Cantor Fitzgerald analysts upgraded Tesla to a “buy” rating.

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[–] WhatAmLemmy@lemmy.world 3 points 2 weeks ago

"Ethically challenged" = "Criminally corrupt"