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"I would expect them to be surgical in nature," says Brandon Daniels, CEO at Exiger, a risk and compliance firm specializing in areas such as supply chains.

Gary Wang, co-founder and chief technology officer of FTX, was sentenced to no time in prison on Wednesday, two years after the cryptocurrency firm collapsed and faced accusations of defrauding customers.

As the longtime CEO of the investment firm Cantor Fitzgerald, Lutnick is at least experienced at running a large organization so that appointment makes some sense.

At 10am, red lights flashed up on a map of Britain as prepayment meters ran out of money, and the firm extended “friendly credit” to avoid a middle-of-the-night cut off.

The firm Harmony CCS Limited, which is based in Belfast, was prosecuted and pleaded guilty to a single health and safety breach.