Billionaire investor and his firm IEP settle with SEC for $2m after being charged with failing to disclose stock pledges
Carl Icahn, the billionaire investment tycoon, and his firm Icahn Enterprises LP (IEP) have been charged by US regulators with failing to disclose billions of dollars worth of personal loans.
The Securities and Exchange Commission (SEC) said IEP and Icahn, who serves as chairman, agreed to pay $1.5m and $500,000 in civil penalties, respectively, to settle the charges.
About Author
More Stories
BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker
Trump trade deal shows how vital China’s rare-earth metals are to US defense firms
Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran