In a significant series of moves to comply with U.S. government regulations following his appointment as Commerce Secretary, Howard Lutnick has divested substantial shares in various financial firms. He sold $361 million in stakes, including $278 million of stock and has transferred the ownership of Cantor Fitzgerald to his children and the investor 26North. Additionally, Lutnick announced the repurchase of over 16.4 million shares by BGC Group, where he formerly served as CEO. BGC and Newmark also confirmed plans to buy back shares from Lutnick, totaling approximately 11 million shares for Newmark. This divestment and stock repurchase initiative marks a strategic transition for Lutnick as he steps into his governmental role.