Defendant Name:
Icahn Enterprises L.P.
Defendant Type:
Public Company
SIC Code:
6512
CUSIP:
45110010
Document Reference:
34-100755
Document Details
Legal Case Name
In the Matter of Icahn Enterprises L.P.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
19-Aug-2024
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On August 19, 2024, the SEC instituted settled cease-and-desist proceedings against Icahn Enterprises L.P., stating: "IEP, a public company, failed to disclose that Carl C. Icahn, its founder, controlling
shareholder, and Chairman of the Board of Directors of its general partner, pledged IEP securities as
collateral to secure personal margin loans under agreements with various lenders in its Forms 10-K
for at least the fiscal years ended December 31, 2018 through December 31, 2020, as required by
Item 403(b) of Regulation S-K. IEP’s failures to disclose deprived existing and prospective IEP
investors of information required to be disclosed. As a result, IEP violated Section 13(a) of the
Exchange Act and Rule 13a-1 thereunder."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$1,500,000.00
Shared:
