SEC Said To Probe If First Republic Bank Executives Engaged In Insider Trading Ahead Of Collapse
- last year
First Republic Bank collapsed this week and was placed under Federal Deposit Insurance Corporation receivership. The assets and deposits of the bank were then sold to JPMorgan Chase.
The SEC is investigating whether any members of First Republic's executive team indulged in insider trading before the government seizure, Bloomberg reported, citing people familiar with the matter. The identity of the executives who are on the SEC radar wasn't clear, it added.
The SEC is investigating whether any members of First Republic's executive team indulged in insider trading before the government seizure, Bloomberg reported, citing people familiar with the matter. The identity of the executives who are on the SEC radar wasn't clear, it added.