FTC announcements, major financial news outlets

GameStop CEO Ryan Cohen to Pay Nearly $1 Million Fine for Wells Fargo Antitrust Violation, FTC Says

Sep 18, 2024, 04:05 PM

GameStop CEO Ryan Cohen, who is also the managing partner of RC Ventures, has agreed to pay nearly $1 million to settle antitrust law violation charges brought by the U.S. Federal Trade Commission (FTC). The fine stems from Cohen's failure to file a Hart-Scott-Rodino (HSR) form after acquiring over 562,000 shares of Wells Fargo in 2018. The FTC's action addresses Cohen's violation of antitrust laws related to this acquisition.