GME - Ryan Cohen Said To Be Under SEC Scanner Over His 'Sketchy' Bed Bath & Beyond Trades | Benzinga
Canadian businessman Ryan Cohen is reportedly under the Securities Exchange Commission's scanner over his trades in the stock of home furnishing retailer Bed Bath & Beyond, Inc. (OTC:BBBYQ), which went on to file for bankruptcy protection in April.
What Happened: The SEC is investigating activist investor Cohen’s ownership of Bed Bath & Beyond's stock, which in its heydays ran up amid the meme stock frenzy, and also his abrupt sales of it, said Wall Street Journal in a report, citing people familiar with the matter.
Cohen, the co-founder of Chewy Inc. (NYSE:CHWY) and who currently serves as the executive chairman of GameStop Corp. (NYSE:GME), in a March 2022 letter to Bed Bath & Beyond's board disclosed that his investment firm RC Ventures took a ...