Stephen Merkel is the Executive Managing Director, General Counsel and Secretary of Cantor Fitzgerald, L.P. He joined the firm in 1993. He is also Executive Vice-President, General Counsel and Secretary of BGC Partners, Inc. Previously, he was the Director, Senior Vice-President, General Counsel and Secretary of eSpeed. Prior to joining Cantor Fitzgerald, Mr. Merkel was Vice-President and Assistant General Counsel at Goldman Sachs & Co., dedicated to the J. Aron Division. Mr. Merkel graduated with a B.A. Magna Cum Laude from the University of Pennsylvania and received his law degree from the University of Michigan School of Law.
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).”