CEO Ryan Cohen will pay a $985,320 civil penalty to settle charges that his acquisition of Wells Fargo & Company (WFC) shares violated the Hart-Scott-Rodino Act. According to the complaint, Cohen, who is also the founder and former CEO of Chewy (CHWY),

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 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,

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.