Regulators are taking a harder look at those insider stock sales by SVB execs

The Justice Department and SEC are investigating the stock sales that officers of Silicon Valley Bank made days before the bank failed, according to both the WSJ and the NYTimes. The probes are reportedly in their preliminary phase. Both outlets note that it’s common to investigate prearranged stock selling plans when the sales take place shortly before releasing news that could have an adverse impact on a company’s share price.
Their apparent focus for now are on securities filings that show the bank’s CEO of 12 years, Greg Becker, and its CFO, Daniel Beck, who joined the ou

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