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.
GameStop CEO Ryan Cohen Penalized Nearly $1M Over Wells Fargo Share Acquisition
Ryan Cohen, GameStop CEO and founder of Chewy, has agreed to pay a $985,320 fine for violating the Hart-Scott-Rodino Act during his acquisition of Wells Fargo shares, according to the FTC.
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 Fined $1M for Failing to Disclose Wells Fargo Investment
Ryan Cohen had amassed more than $100 million in Wells Fargo shares, the threshold for disclosure under the Hart-Scott-Rodino Act. But he didn''t submit the required filing until January 2023.
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,
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.
FTC says Gamestop CEO Cohen to pay nearly $1 million penalty
The U.S. Federal Trade Commission said on Wednesday that Ryan Cohen, managing partner of RC Ventures LLC and Gamestop CEO, would pay a nearly $1 million penalty to settle an antitrust law violation related to his acquisition of Wells Fargo & Co shares.
GameStop CEO Slapped with $1M Fine over WFC Stock Purchase
Here’s Why FTC Fined GameStop CEO Cohen. The FTC has imposed a $985,320 civil penalty on GameStop CEO Cohen as he did not report the purchase of a significant amount of WFC shar
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12-year-old CEO says Wells Fargo closed and emptied her bank account without any warning
Black-owned company Beautiful Curly Me has said that Wells Fargo bank has closed and zeroed out its business accounts. The company is operated by Zoe Oli, a 12-year-old businesswoman who started her ...
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FTC Imposes Nearly $1 Million Fine in HSR Enforcement Action Against Activist Investor
On Wednesday, September 18, the Federal Trade Commission (FTC) announced a settlement agreement with prominent activist ...
Wells Fargo's latest regulatory rebuke may prolong asset cap punishment, analysts say
Wells Fargo's latest regulatory rebuke for insufficient efforts to combat money laundering will probably prolong another ...
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Wells Fargo announces another round of layoffs in October and November in West Des Moines
In July, Wells Fargo CEO Charlie Scharf said in an earnings call with analysts it was the 16th consecutive quarter the company's "head count has continued to decline." Over the past year ...
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FTC Issues $1 Million Civil Penalty for HSR Act Violation
On September 18, 2024, the FTC announced that Ryan Cohen, chief executive officer and chairman of GameStop, has agreed to a ...
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Bank investors' worry after Wells Fargo AML action: Who's next?
A new OCC action over the megabank's anti-money-laundering guardrails, which follows news of seemingly more severe lapses at ...
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Wells Fargo Bank Review
Wells Fargo CEO Charles Scharf stated in a press release at the time, “We have made significant progress over the last three years and are a different company today. We remain committed to doing ...
Corporate Governance
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Wells Fargo Reaffirms Their Hold Rating on Lululemon Athletica (LULU)
In a report released today, Ike Boruchow from Wells Fargo maintained a Hold rating on Lululemon Athletica (LULU – Research Report), with ...