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SoFi CEO Noto scooped up more stock as it sold off after earnings

Noto paid more than $230,000 in latest transaction after spending upwards of $1 million on stock purchases in March

SoFi’s CEO has bought stock on the open market three times this year.

Drew Angerer/Getty Images

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SoFi Technologies Inc. Chief Executive Anthony Noto bought up more stock as it sold off in the wake of the company’s most recent earnings report and amid pressure on the financial-services sector. 

Noto purchased 50,000 shares of SoFi SOFI Thursday for an average price of $4.7341 apiece, according to a filing with the Securities and Exchange Commission released that day. He paid $236,705 for the transaction.