​SEC Slaps Carl Icahn With Disclosure Fines In Margin-Loan Probe – Tyler Durden

SEC Slaps Carl Icahn With Disclosure Fines In Margin-Loan Probe The Securities and Exchange Commission (SEC) has imposed a multimillion-dollar fine on Carl Icahn, a famed activist investor, and his company, Icahn Enterprises LP (IEP), for not disclosing Icahn’s billions in personal margin loans. These loans were secured using Icahn’s stake in IEP as collateral. The SEC wrote in a press release that Icahn and IEP failed 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.”  The SEC said Icahn, who is IEP’s controlling shareholder and…  — Continue at ZeroHedge News : Read More