Lori Pennay is a Senior Managing Director and Global Head of Human Resources and Partnership for Cantor Fitzgerald and BGC Partners, Inc. Previously, Ms. Pennay served as a Vice-President and Assistant General Counsel, where she provided legal advice and representation to Cantor and BGC with respect to employment and partnership matters. Prior to joining Cantor Fitzgerald, Ms. Pennay served as employment counsel for Credit (USA) LLC, where she was primarily responsible for providing legal advice and representation for the private banking and certain back office divisions. She began her career as an employment lawyer with the law firm of Akin, Gump, Strauss, Hauer & Feld, LLP. Ms. Pennay holds a B.A. from Pennsylvania State University with High Distinction honors and a J.D. from the University of Pennsylvania Law School.
Cantor Fitzgerald Fined $2 Million Over Short Sales Violations: Finra also said Cantor repeatedly ignored “red flags,” including internal audit findings from its staff. “Cantor was aware of supervisory deficiencies but did not implement remedial measures until 2016. As a result, the firm did not close out more than 4,879 fails-to-deliver in a timely manner, while it accepted and executed short orders in those securities without first borrowing (or arranging to borrow).”