Carl Icahn Settles SEC Charges Over Undisclosed Billions in Personal Loans

Icahn and his firm agree to pay $2 million in penalties for failing to disclose stock pledges used as collateral for personal loans.

Icahn Enterprises failed to report stock pledges in annual filings from 2018 to 2022.
The SEC's investigation followed allegations from Hindenburg Research about inflated asset valuations.
Icahn and his firm did not admit or deny the SEC's findings but agreed to cease future violations.
Icahn criticized Hindenburg's report as false and harmful to investors.
Shares of Icahn Enterprises dropped over 6% following the settlement announcement.