Streamline your supply chain security with expert guidance and best practices. The Customs Trade Partnership Against Terrorism (CTPAT) is a key component in securing global trade and ensuring supply chain integrity. This webinar provides an in-depth look at the CTPAT validation and revalidation processes, offering practical tips and strategies to successfully navigate these assessments. We’ll explore what to expect during a validation, how to prepare, and how to maintain compliance throughout the revalidation cycle. Learn how to optimize your security practices and enhance your partnership with U.S. Customs and Border Protection (CBP).
FTC: GameStop CEO Fined Nearly $1M by FTC for Violating Antitrust Laws in Wells Fargo Stock Purchase
FTC: GameStop CEO Fined Nearly $1M by FTC for Violating Antitrust Laws in Wells Fargo Stock Purchase
September 27, 2024/
The Federal Trade Commission announced 9/18 that the CEO of GameStop will be paying nearly $1m to settle charges that his acquisition of Wells Fargo shares violated the Hart-Scott-Rodino (HSR) Act. The CEO's acquisition was above the threshold of HSR filing requirements, but he didn't file with the antitrust agencies and wait the required waiting period before proceeding with the purchase. Full complaint details here. The purchase was made in March 2018, and the CEO disclosed it in January 2021. The penalty comes out to ~$900 per day that he was in violation (you're in continuous violation from the time the purchase is made until it's disclosed). The max penalty for HSR Act violations is $51,744 per day, so he got off easy.
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