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Warren Buffett, Berkshire Hathaway sell banks, buy booze in latest 13-F
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thestreet.com/investing/warren-buffett-berkshire-hathaway-sell-banks-to-buy-booze
Tinubu signs investments, securities bill into law
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Trump family, Binance discussing deal for stake in the crypto exchange: ...
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ByteDance Valued Above $400 Billion by SoftBank, Fidelity, T. Rowe
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CA upholds SEC order for NWorld to stop selling securities
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Why Dermacare’s officers, endorsers Neri Miranda, Rufa Mae Quinto are in trouble 
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SEC explains Neri Naig case: 'He encouraged investments' | ABS-CBN ...
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Crypto Firm Galois to Pay SEC Penalty Over Use of FTX Accounts
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Investor Carl Icahn charged with hiding billions in loans
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Key FactsCarl Icahn Settles SEC Charges Over Disclosure Failures
Aug 19, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: benzinga.com
  • The U.S. Securities and Exchange Commission (SEC) announced a settlement with billionaire activist investor Carl Icahn and his publicly traded company, Icahn Enterprises L.P., after allegations surfaced that he failed to disclose billions in personal loans backed by Icahn Enterprises' securities.

  • Icahn and his firm agreed to pay a total of $2 million in civil penalties to resolve the charges, leading to a more than 7% drop in Icahn Enterprises shares.

  • Both Icahn and external counsel Jonathan Streeter dismissed the allegations, attributing the settlement to a 'self-serving report' from Hindenburg Research that purportedly spread false information for profit.

  • The SEC disclosed that Icahn pledged between 51% and 82% of Icahn Enterprises' outstanding securities as collateral for personal margin loans from 2018 to 2022 without proper disclosure. Icahn and his company consented to cease future violations and pay the civil penalties without admitting or denying the allegations.
PH’s SEC asks NTC to block crypto platform Binance
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SEC Issues First Enforcement Action Targeting NFTs
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