Cantor Fitzgerald, not Lutnick, sells BGC shares
http://www.forbes.com/feeds/ap/2008/06/13/ap511543 [2008-6-26]
Tag : Form W 9
Cantor Fitzgerald sold 3.9 million common shares of BGC PartnersInc., an interdealer broker of financial instruments, according toa Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Cantor Fitzgerald reportedly soldthe shares Tuesday for $7.72 apiece, or about $30.3 million.
Insiders file Form 4s with the SEC to report transactions in theircompanies' shares. Open market purchases and sales must be reportedwithin two business days of the transaction.
BGC Partners is based in New York.
(This version CORRECTS that Chairman & Co-CEO Howard W. Lutnick isnot selling BGC shares. A Form 4 filing with the SEC was previouslymisread.)
Copyright 2008 Associated Press. All rights reserved. This materialmay not be published broadcast, rewritten, or redistributed.
Cantor Fitzgerald sold 3.9 million common shares of BGC PartnersInc., an interdealer broker of financial instruments, according toa Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Cantor Fitzgerald reportedly soldthe shares Tuesday for $7.72 apiece, or about $30.3 million.
Insiders file Form 4s with the SEC to report transactions in theircompanies' shares. Open market purchases and sales must be reportedwithin two business days of the transaction.
BGC Partners is based in New York.
(This version CORRECTS that Chairman & Co-CEO Howard W. Lutnick isnot selling BGC shares. A Form 4 filing with the SEC was previouslymisread.)
Copyright 2008 Associated Press. All rights reserved. This materialmay not be published broadcast, rewritten, or redistributed.
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