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SEC Investigates Trades by First Republic Executives Before Sale to JPMorgan

  • Wall Street regulator looking for possible insider trading
  • SEC scrutinizing activity before bank’s collapse and seizure
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JPMorgan Wins First Republic in Bidding Saga
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The Securities and Exchange Commission is investigating the conduct of First Republic Bank executives before the government seizure and sale of the lender to JPMorgan Chase & Co., according to two people familiar with the matter.

The SEC is looking into whether any members of the then-executive team of First Republic improperly traded on inside information, said one of the people, who asked not to be identified because the probe hasn’t been publicly disclosed.