10:53 AM EDT, 08/19/2024 (MT Newswires) -- (Updates with responses from Icahn, IEP's outside counsel and SEC.)

The US Securities and Exchange Commission on Monday said it has charged Carl Icahn and his publicly traded company, Icahn Enterprises L.P ( IEP ) , for failing to disclose information relating to Icahn's pledges of his company's securities as collateral to secure personal margin loans worth billions of dollars.

Icahn and his company agreed to pay $500,000 and $1.5 million, respectively, in civil penalties to settle the charges, the SEC said.

"After Hindenburg issued a false report to make money on its short position at the expense of ordinary investors, the government investigation that followed has resulted in this settlement which makes no claim IEP or I inflated NAV or engaged in a 'Ponzi-like' structure," Icahn said in an emailed response to MT Newswires. "Hindenburg's modus operandi, which is to publish scurrilous and unsupported allegations, did damage to IEP and its investors."

"The government found absolutely no fraud and did not find any inflation of IEP's NAV or impropriety in its dividends," Jonathan Streeter, outside counsel to IEP at Dechert, said.

SEC declined to comment on the matter.

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