The Securities and Exchange Commission announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P., for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal margin loans worth billions of dollars under agreements with various lenders. IEP and Icahn agreed to pay $1.5M and $500,000 in civil penalties, respectively, to settle the SEC’s charges, the SEC stated.
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