**SEC Investigates Ryan Cohen’s Ownership and Sale of Bed Bath & Beyond Shares**.
The Securities and Exchange Commission (SEC) is investigating Ryan Cohen’s ownership and sale of Bed Bath & Beyond shares, according to a report from The Wall Street Journal..
Cohen, the co-founder of Chewy, acquired a stake of approximately 9.8% in Bed Bath & Beyond in March 2022, making him the company’s largest shareholder. In August 2022, Cohen sold his entire stake in Bed Bath & Beyond for a profit of over $68 million..
The SEC’s investigation is reportedly focused on whether Cohen violated insider trading laws by selling his shares after learning non-public information about the company’s financial condition..
**Cohen’s Role at Bed Bath & Beyond**.
Cohen joined Bed Bath & Beyond’s board of directors in January 2022 and was appointed chairman of the company’s strategy committee. As a board member, Cohen had access to confidential information about Bed Bath & Beyond’s financial performance and strategic plans..
**Sale of Shares**.
Cohen sold his shares in Bed Bath & Beyond on August 17, 2022, just days before the company announced a disappointing quarterly earnings report. The company’s stock price fell sharply following the earnings announcement..
**Insider Trading Allegations**.
The SEC is reportedly investigating whether Cohen sold his shares based on non-public information about Bed Bath & Beyond’s financial condition. If the SEC finds that Cohen violated insider trading laws, he could face civil penalties and even criminal charges..
**Cohen’s Response**.
Cohen has not publicly commented on the SEC’s investigation. However, a spokesperson for Cohen told The Wall Street Journal that Cohen .
