The Securities and Exchange Commission has charged Carl Icahn with hiding billions of dollars worth of stock pledges, resulting in a $2 million settlement.
The Securities and Exchange Commission has charged Carl Icahn with hiding billions of dollars worth of stock pledges, resulting in a $2 million settlement with the legendary corporate raider.
Icahn, 88, will pay a fine of $500,000, while his firm will up $1.5 million as part of two separate settlement agreements after he failed to properly disclose billions in margin loans without disclosing them to shareholders or federal regulators.
