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Carl Icahn Settles SEC Stock Pledge Charges for $2 Million
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August 20, 2024August 20, 2024IPOs

Carl Icahn Settles SEC Stock Pledge Charges for $2 Million

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The Securities and Exchange Commission (SEC) announced charges on Monday against famed 88-year-old investor Carl Icahn and his public company Icahn Enterprises L.P. (IEP), stating that Icahn pledged 51% to 82% of IEP shares to secure billions in personal loans without telling shareholders or regulators for years. The SEC claimed that IEP and Icahn didn’t...