US prosecutors are looking into short seller activity in bank shares, Reuters reported, citing an unidentified person familiar with the matter.
- Regulators said the activity surrounding the banking crisis is an “area of interest” for the Justice Department, which is looking for potential securities market manipulation, the person told Reuters
- US Securities and Exchange Commission chair
Gary Gensler and California regulators have said they are watching for any potential misconduct - A spokesperson for the Justice Department did not respond immediately to Reuters’ request for comment
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