SEC Charges Carl Icahn With Hiding Billions in Stock Pledges
By Chase Smith The Securities and Exchange Commission (SEC) announced Monday that it charged Carl Icahn, a prominent investor, and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose required information regarding Icahn’s pledges of IEP securities as collateral to secure personal margin loans. The SEC in their orders released on Aug. 19 found that both…
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