Reported about 2 months ago
Billionaire investor Carl Icahn and Icahn Enterprises have settled with the U.S. SEC, agreeing to pay $2 million for failing to disclose that he pledged a majority of the firm's securities as collateral for personal margin loans. This settlement follows accusations from Hindenburg Research of improper financial practices. Although Icahn did not admit wrongdoing, he claimed the allegations were baseless and stated the investigation found no support for the more serious claims against him.
Source: YAHOO