Icahn, firm settle US SEC charges over alleged disclosure failures

Icahn Enterprises LP

19/08/2024 14:18

Aug 19 (Reuters) - Billionaire investor Carl Icahn and
his firm Icahn Enterprises LP (IEP)  IEP.O  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.

 (Reporting by Ismail Shakil; editing by Susan Heavey)
 ((ismail.shakil@tr.com;))