<p>The U.S. Federal Trade Commission said on Wednesday that Ryan Cohen, CEO of GameStop, has agreed to pay nearly $1 million in fines to settle allegations that he failed to report his acquisition of voting shares in Bank of America worth over $100 million. According to the FTC, he did not just purchase these shares as an investor, but also provided advice to the bank's management on how to run the business and sought a seat on the board of directors. He eventually reported these transactions to the FTC in 2021</p>

<p>The U.S. Federal Trade Commission said on Wednesday that GameStop CEO Ryan Cohen has agreed to pay nearly $1 million in fines to settle allegations that he failed to report his acquisition of voting shares in Bank of America worth over $100 million. According to the FTC, he did not just purchase these stocks as an investor, but provided advice to the bank's management on how to run the business and sought a seat on the board of directors. He eventually reported these transactions to the FTC in 2021</p>

GameStop CEO agrees to pay nearly $1 million in fines to settle FTC charges