Paul M. Pion has served as Chief Administrative Officer and Senior Managing Director of Cantor Fitzgerald & Co. (“Cantor”) since August 2010. Mr. Pion is also the Chief Financial Officer of Cantor Fitzgerald’s real estate business and CF Acquisition Company (SPAC). Mr. Pion previously served in numerous positions for Cantor including Global Director of Internal Audit from 2002 to 2010. Mr. Pion has been a director of Tower Bridge GP Limited since November 2010, BGC European GP Limited since January 2012 and was a director of BGC Brokers GP Limited from April 2012 until December 2019. Prior to joining Cantor, Mr. Pion served for approximately 14 years with the accounting firm Deloitte & Touche Pion holds Series 7 and 27 licenses and is a Certified Public Accountant in the State of New York. He received a B.S. in Accounting from the State University of New York at Albany.
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).”