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Will Ryan Cohen face additional FTC penalties for Wells Fargo share acquisition by end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the FTC or credible news sources
Story
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.
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Yes • 50%
No • 50%
Fine Paid • 25%
Fine Appealed • 25%
Fine Reduced • 25%
Other • 25%
Additional fines • 25%
Cease and desist order • 25%
No further action • 25%
Other • 25%
Antitrust • 25%
Securities violation • 25%
Financial misreporting • 25%
Other • 25%
Yes • 50%
No • 50%
Increases Wells Fargo holdings • 25%
Decreases Wells Fargo holdings • 25%
No change in Wells Fargo holdings • 25%
Divests completely from Wells Fargo • 25%
Yes • 50%
No • 50%
Settlement • 25%
Fine • 25%
No action • 25%
Other • 25%