Senate Finance Committee ranking member Ron Wyden (D-Ore.) and Banking Committee ranking member Elizabeth Warren (D-Mass.) have warned Cantor Fitzgerald & Co., a finance firm linked to Commerce Secretary Howard Lutnick, that its tariff-related trades pose a potential conflict of interest.

Wyden and Warren ask in their letter to Brandon Lutnick, the CEO of Cantor Fitzgerald and son of the Commerce secretary, for details on its work on tariff refund agreements and whether anyone at the firm has communicated with President Trump, Secretary Lutnick or other Trump administration officials.

The Democrats are sounding the alarm over financial products created by Cantor Fitzgerald that would allow clients to hedge against business risks posed by the uncertainty over whether the Supreme Court will ultimately uphold Trump’s sweeping "reciprocal" tariffs against major foreign trading partners.

“Specifically, Cantor has created a ‘litigation finance’........

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