GameStop CEO Ryan Cohen Fined Nearly $1 Million by FTC for Antitrust Violation $GME

Sep 18, 2024, 03:34 PM

The U.S. Federal Trade Commission (FTC) has fined GameStop CEO Ryan Cohen nearly $1 million for violating antitrust laws. Cohen, who is also the managing partner of RC Ventures, failed to file a Hart-Scott-Rodino (HSR) form after acquiring over 562,000 shares of Wells Fargo. The penalty aims to settle the antitrust law violation. The announcement was made on September 18, 2024, and involves GameStop's stock symbol $GME.