According to TechFlow, on September 18, according to official news, the Federal Trade Commission (FTC) of the United States issued an announcement that Ryan Cohen, Chairman and CEO of GameStop Corp., intends to pay a civil penalty of $985,320 for violating the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act). The FTC accused Cohen of acquiring more than 562,000 voting securities of Wells Fargo & Company, and the cumulative shareholding exceeded the HSR reporting threshold, but failed to submit the HSR reporting form and comply with the waiting period as required. Although Cohen's shareholding ratio is less than 10%, the FTC determined that he intended to influence Wells Fargo's operating decisions and did not meet the "pure investment exemption" clause of the HSR Act. The settlement agreement is subject to a 60-day public comment period and a final ruling by the Federal District Court for the District of Columbia.