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GameStop CEO Ryan Cohen Fined Nearly $1 Million by FTC for HSR Form Violation

Sep 18, 2024, 04:01 PM

The U.S. Federal Trade Commission (FTC) has ordered GameStop CEO Ryan Cohen to pay a penalty of nearly $1 million to settle an antitrust law violation. The violation is related to Cohen's acquisition of over 562,000 shares of Wells Fargo without filing a required HSR form. Cohen, who is also the managing partner of RC Ventures LLC, has agreed to the settlement.