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Gamestop, Wells Fargo and Cohen
Gamestop CEO Fined $1 Million by FTC Over Wells Fargo Shares
Gamestop Corp. Chief Executive Officer Ryan Cohen will pay almost a $1 million penalty over allegations that he violated antitrust law with his acquisition of shares in Wells Fargo & Co.
GameStop CEO Ryan Cohen Penalized Nearly $1M Over Wells Fargo Share Acquisition
On Wednesday, the Federal Trade Commission said Ryan Cohen, managing partner of RC Ventures and Chairman and CEO of GameStop Corporation (NYSE:GME), will pay a $985,320 civil penalty. This fine stems from charges that Cohen violated the Hart-Scott-Rodino Act by failing to file the necessary paperwork during his acquisition of shares in Wells Fargo & Company (NYSE:WFC).
GameStop CEO Cohen to pay $1 million fine over Wells Fargo stock buy
GameStop CEO Ryan Cohen agreed to pay a nearly $1 million penalty to settle the U.S. Federal Trade Commission's claim that he failed to report acquisition of more than $100 million worth of Wells Fargo & Co voting shares,
GameStop CEO Cohen to Pay Nearly $1 Million for Alleged Wells Fargo Securities-Acquisition Violation
After acquiring the shares, Cohen had periodic communications with Wells Fargo’s leadership regarding ways to improve the bank’s business and to advocate for a potential board seat, the FTC said.
FTC Release: GameStop CEO Ryan Cohen to Pay Nearly $1 Million Penalty to Settle Antitrust Law Violation
Today, the Federal Trade Commission announced that Ryan Cohen, managing partner of RC Ventures, LLC, and Chairman and CEO of GameStop Corp., will pay a $985,320 civil penalty to settle charges that his acquisition of Wells Fargo & Company (Wells Fargo) shares violated the Hart-Scott-Rodino (HSR) Act.
GameStop drops below $20 as investors wait for a Ryan Cohen twist
CEO Ryan Cohen has been at the center of several recent legal actions, even as shares of the video game retailer drop below $20. Will Cohen represent another distraction as the sometime meme stock looks to chart an uncertain future?
GameStop CEO Ryan Cohen hits with $1M penalty
The US Federal Trade Commission (FTC) on Wednesday announced that Chairman and CEO of GameStop Corp Ryan Cohen would pay around $1 million civil penalty to settle charges of an antitrust law violation related to his acquisition of Wells Fargo shares.
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Roaring Kitty’s Net Worth Includes More Than Just GameStop Stock
Keith Gill, the former financial analyst known online as "Roaring Kitty," is credited for driving the GameStop stock surge in ...
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on MSN
GameStop Stock Stuck In Level-Up Limbo: Can It Shake Off The Bearish Trend?
GameStop CEO Ryan Cohen's failure to report the acquisition of Wells Fargo shares promptly resulted in a sharp focus on his ...
3d
GameStop Completes At-The-Market Equity Offering Program
GRAPEVINE, Texas, Sept. 23, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity ...
Shacknews
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GameStop (GME) CEO Ryan Cohen fined $985,320 penalty in FTC antitrust law violation settlement
This has led to Cohen receiving an almost $1 million penalty from the FTC. Source: FTC On Wednesday, September 18, 2024, the ...
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on MSN
GameStop closing even more stores in 2024 after closing 287 locations in a year
This is not the first round of closures the company has done. In 2020, the company announced it would close 450 stores after ...
6d
Did Anyone Notice GameStop Reinvented Itself On The Latest Kitty Call? (Rating Upgrade)
GameStop now sports $4.2 billion in cash, after raising new capital on Roaring Kitty's Meme call for higher stock prices in ...
3d
GameStop Stock Jumps Monday After The Bell: What's Going On?
GameStop shares are rising in extended trading Monday after the company announced the completion of its at-the-market ...
4d
Bitcoin Worth $63,000 Pulled In $33 Pack Of Trading Cards At GameStop: 'Mind-Boggling' Story Goes Viral, Highlights Crypto Redemption Card
With a change in its business practices, GameStop Corporation (NYSE:GME) allows CEO Ryan Cohen the ability to buy and sell ...
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