(Photo: Diego M. Radzinschi/ALM) GameStop CEO Fined $1M for Failing to Disclose Wells Fargo Investment
By March 2018, 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.
September 18, 2024 at 03:22 PM
3 minute read
Regulation
The Federal Trade Commission has fined GameStop CEO Ryan Cohen nearly $1 million for failing to disclose that he had bought a huge amount of stock in Wells Fargo and was agitating for a board seat.
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