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Icahn, firm settle US SEC charges over alleged disclosure failures

08/19/2024

Less than a minute

2024.08.19 09:25

© Reuters. FILE PHOTO: Carl Icahn, chairman of Icahn Enterprises LP, speaks via video during the 13D Monitor's Active-Passive Investor Summit in New York City, U.S., October 17, 2023. REUTERS/Brendan McDermid/File Photo

(Reuters) – Billionaire investor Carl Icahn and his firm Icahn Enterprises LP (IEP) have settled charges for failing to disclose pledges of the company’s securities as collateral for billions of dollars in personal loans, U.S. regulators said on Monday.

The firm and Icahn agreed to pay $1.5 million and $500,000 in civil penalties, respectively, to settle the charges, the U.S. Securities and Exchange Commission said in a statement.

08/19/2024

Less than a minute

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