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FTC slaps GameStop CEO with $1 million fine over Wells Fargo shares [Fortune]

Chewy, Inc. Class A (CHWY)  More Company Research Source: Fortune
Last chewy, inc. class a earnings: 12/9 04:15 pm Check Earnings Report
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. As he amassed those shares, Cohen periodically emailed Wells Fargo's leadership — including its chief executive officer — with suggestions to improve its business and to seek a board seat. That effort to “influence Wells Fargo's business decisions” meant he couldn't claim an “investment-only” exemption under the HSR, according to the FTC. “When acquiring the Wells Fargo shares Cohen intended to influence Wells Fargo's business decisions as evidenced by Cohen's emails when he advocated for a board seat,” the FTC said in its statement. Cohen agreed to the settlement with the FTC without admitting any wrong doing. The settlement isn't final until a federal judge approves it. A representative for Wells Fargo declined to comment. Cohen cou [Read more]
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Stockreport

FTC slaps GameStop CEO with $1 million fine over Wells Fargo shares [Fortune]

Chewy, Inc. Class A  (CHWY) 
More Company Research Source: Fortune
Last chewy, inc. class a earnings: 12/9 04:15 pm Check Earnings Report
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. As he amassed those shares, Cohen periodically emailed Wells Fargo's leadership — including its chief executive officer — with suggestions to improve its business and to seek a board seat. That effort to “influence Wells Fargo's business decisions” meant he couldn't claim an “investment-only” exemption under the HSR, according to the FTC. “When acquiring the Wells Fargo shares Cohen intended to influence Wells Fargo's business decisions as evidenced by Cohen's emails when he advocated for a board seat,” the FTC said in its statement. Cohen agreed to the settlement with the FTC without admitting any wrong doing. The settlement isn't final until a federal judge approves it. A representative for Wells Fargo declined to comment. Cohen cou [Read more]
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EVENT TIME:
CHWY
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Price Change
Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS