The Department of Justice and the Securities and Exchange Commission are both investigating the collapse of Silicon Valley Bank. See potential bias and similarities in coverage from WSJ, nytimes, WashTimes:
SEC chair Gary Gensler issued a statement Sunday stating, “without speaking to any individual entity or person, we will investigate and bring enforcement actions if we find violations of the federal securities laws.” Both investigations are in the initial stages, and the focus of the probes is not yet clear.
Outlets across the spectrum are speculating the focus could include stock trades made by Silicon Valley Bank executives in the weeks leading up to the collapse.Last week, the FDIC took control of Silicon Valley Bank, a popular lender for tech startups, after customers tried to withdraw $42 billion on Thursday.
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