SEC charges Carl Icahn with hiding billions in loans backed by IEP stock
Briefly

"The federal securities laws imposed independent disclosure obligations on both Icahn and IEP. These disclosures would have revealed that Icahn pledged over half of IEP's outstanding shares at any given time."
"Icahn and his company agreed to pay $500,000 and $1.5 million in fines, respectively, the SEC said in a press release Monday. The SEC said Icahn... pledged anywhere from 51% to 82% of Icahn Enterprises."
Read at www.cnbc.com
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