DOJ and SEC to probe SVB collapse and insider inventory gross sales: Report

America Justice Division and the Securities Trade Fee (SEC) have reportedly launched inquiries into the sudden collapse of Silicon Valley Financial institution (SVB) — which was shuttered by regulators final week amid a historic financial institution run.

In keeping with “individuals conversant in the matter,” — cited in a March 14 report from The Wall Road Journal — the probes will look into occasions that led to the financial institution collapse, together with the inventory gross sales SVB monetary officers undertook within the weeks main as much as the closure.

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