Topic: Greg Becker

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FedNow
Episode 1538 2:15:56 - 2:20:22

1538: FedNow

Insider Trading Allegations, FDIC Board Coup

The SEC and Justice Department are investigating Silicon Valley Bank executives for potential insider trading after CEO Greg Becker sold $3.6 million in stock weeks before the collapse. While the sale was part of a pre-scheduled 10b5-1 plan, the timing has drawn intense scrutiny. Additionally, the segment references a previous "coup" at the FDIC that replaced the chairman with a more ideologically aligned board.