According to Foresight News and reported by Protos, Cantor Fitzgerald, a financial services company associated with Tether, has agreed to pay a $6.75 million fine to the U.S. Securities and Exchange Commission (SEC). The SEC accused its controlled special purpose acquisition companies (SPACs) of issuing misleading statements to investors before raising $750 million in IPO funds, concealing substantive discussions with potential merger targets.

(The Wall Street Journal) Previously disclosed that Cantor Fitzgerald holds 5% of Tether's shares and helps Tether manage $39 billion in bond assets, charging tens of millions in fees.