Ryan Cohen, chairman and CEO of GameStop, has been fined $985,320 by the Federal Trade Commission for violating the Hart-Scott-Rodino Act during his acquisition of Wells Fargo shares in 2018. Cohen failed to file the necessary paperwork, resulting in an acquisition exceeding HSR filing thresholds and triggering the need for antitrust review. The FTC’s investigation found that Cohen’s actions were not exempt under the Investment-Only Exemption, as he sought to influence Wells Fargo’s operations. Cohen ultimately made a corrective filing in January 2021.