SEC Comment Letter for BGC Group, Inc. (BGC) (CIK 0001094831) (BGC) — Jul 6, 2011
BGC Group, Inc. (BGC) (CIK 0001094831)
Date: July 6, 2011 · CIK: 0001094831 · Accession: 0000000000-11-040875
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July 6, 2011 Via E-mail Howard W. Lutnick Chairman and Chief Executive Officer BGC Partners, Inc. 499 Park Avenue New York, New York 10022 Re: BGC Partners, Inc. Registration Statement on Form S-3 Filed June 21, 2011 File No. 33-175034 Dear Mr. Lutnick: We have limited our review of your registra tion statement to those issues we have addressed in our comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amendi ng your registration statement and providing the requested information. Where you do not be lieve our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your re gistration statement and the information you provide in response to these comments, we may have additional comments. General 1. Please tell us whether or not any of the se lling stockholders is a broker-dealer or an affiliate of a broker-dealer. If any of the se lling stockholders is a broker-dealer or an affiliate of a broker-dealer, please revise your di sclosure to state that such seller is an underwriter or provide an analysis as to why you believe such person is not acting as a statutory underwriter. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that th e filing includes the information the Securities Act of 1933 and all applicable S ecurities Act rules require. Since the company and its Howard W. Lutnick BGC Partners, Inc. July 6, 2011 Page 2 management are in possession of all facts re lating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. Notwithstanding our comments, in the event you request accelerati on of the effective date of the pending registration statement pl ease provide a written statement from the company acknowledging that: should the Commission or the staff, acting purs uant to delegated authority, declare the filing effective, it does not foreclose th e Commission from taking any action with respect to the filing; the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the company from its full responsibility for the adequacy and accuracy of th e disclosure in the filing; and the company may not assert staff comments a nd the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. Please refer to Rules 460 and 461 regard ing requests for acceleration. We will consider a written request for acceleration of th e effective date of th e registration statement as confirmation of the fact that those request ing acceleration are aware of their respective responsibilities under the Securi ties Act of 1933 and the Securiti es Exchange Act of 1934 as they relate to the proposed public offering of th e securities specified in the above registration statement. Please allow adequate time for us to review any amendment prior to the requested effective date of the regist ration statement. Please contact Folake Ayoola, Attorney A dvisor, at (202) 551-3673 or me at (202) 551-3852 with any questions. Sincerely, /s/ Michael McTiernan Michael McTiernan Assistant Director