Billionaire Carl Icahn settles with US SEC over alleged disclosure failures, firm shares down 1%

Carl Icahn and Icahn Enterprises LP settled with U.S. regulators for $2 million over failing to disclose that most of their securities were pledged for personal loans. The SEC probe followed allegations from Hindenburg Research. While the investigation found non-disclosures, it did not validate claims of a Ponzi-like scheme. Icahn rebutted the accusations.