Icahn is being fined $500,000 and Icahn Enterprises LP will pay $1.5 million related to insufficient disclosure of how IEP units were pledged as collateral against his personal margin loans.
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There have been six deals at $100 million or above this year through the end of July, just three shy of a record set in 2021.
The agency doesn’t have the authority to fully forgive fines and interest.