The agency says the longtime activist investor failed to disclose that he and his company pledged billions of dollars in stock as collateral on margin loans.
August 19, 2024 at 02:46 PM
2 minute read
The Securities and Exchange Commission has fined Carl Icahn and his firm $2 million for failing to disclose billions in stock pledges.
The 88-year-old financier settled with the SEC without admitting or denying wrongdoing, agreeing to pay a $500,000, while his publicly traded company—Sunny Isles Beach, Florida-based Icahn Enterprises—agreed to pay $1.5 million.
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Carl Icahn agreed to the SEC penalty without admitting or denying the allegations. (Photo: Tua Ulamac/Flickr)
