NEW YORK, NY - NOVEMBER 03:  Chairman of Icahn Enterprises Carl Icahn participates in a panel discussion at the New York Times 2015 DealBook Conference at the Whitney Museum of American Art on November 3, 2015 in New York City.  (Photo by Neilson Barnard/Getty Images for New York Times)

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Icahn Enterprises and Icahn agree to pay $1.5 million and $500,000 in civil penalties, respectively, to settle the charges.

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The Securities and Exchange Commission on 19 August announced charges against Carl Icahn and Icahn Enterprises “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”, according to a press release. 

The company and Icahn have agreed to pay $1.5m, and $500,000 in civil penalties, respectively, to settle the charges.

SEC charges Carl Icahn with failure to disclose billions of stock pledges

SEC charges Carl Icahn and Icahn Enterprises. What we know.

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