IEP And Icahn Agreed To Pay $1.5M And $500,000 In Civil Penalties, Respectively, To Settle SEC's Charges
Portfolio Pulse from Benzinga Newsdesk
Icahn Enterprises (IEP) and Carl Icahn have agreed to pay civil penalties of $1.5 million and $500,000, respectively, to settle charges from the SEC.
August 19, 2024 | 1:12 pm
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Icahn Enterprises (IEP) has agreed to pay a $1.5 million civil penalty to settle charges from the SEC, which could impact investor perception and stock price.
The settlement of SEC charges with a significant penalty could negatively affect investor sentiment and lead to a short-term decline in IEP's stock price.
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