SEC Investigates GameStop Chairman Ryan Cohen's Bed Bath & Beyond Stock Sales
TL;DR
The Securities and Exchange Commission is reportedly investigating GameStop Chairman Ryan Cohen over his sale of a significant stake in Bed Bath & Beyond shares. The SEC is seeking information from Cohen regarding the trades and his communications with directors and officers at Bed Bath & Beyond. Cohen, who triggered the meme stock craze after taking control of GameStop, disclosed a large stake in Bed Bath & Beyond in March 2022 and sold it abruptly in August, making a $60 million profit. Bed Bath & Beyond stock soared on Cohen's bullish tweets but plummeted after his sale, erasing the gains.
- GME Stock: SEC Probes GameStop Chairman Ryan Cohen For Bed Bath & Beyond Stock Sales Investor's Business Daily
- SEC Probes Ryan Cohen's Bed Bath & Beyond Trades - WSJ The Wall Street Journal
- SEC probing Ryan Cohen's ownership, sale of Bed Bath & Beyond shares - WSJ Reuters
- Ryan Cohen Under SEC Investigation for BBBY Stock Trades: Report Markets Insider
- SEC probing Ryan Cohen's ownership, sale of Bed Bath & Beyond shares: WSJ Yahoo Finance
- View Full Coverage on Google News
Want the full story? Read the original reporting
Read on Investor's Business Daily