Gamestop CEO Fined $1 Million by FTC Over Wells Fargo Shares
- Cohen failed to file form after shares passed threshold: FTC
- As he amassed shares, he sought board seat, agency alleges
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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.
Cohen failed to file a form he was required to submit to antitrust agencies under the Hart-Scott-Rodino Act after his Wells Fargo share purchases exceeded a certain threshold, according to a statement Wednesday from the Federal Trade Commission.