Top Senate Democrats press DOJ, SEC to investigate whether Silicon Valley Bank executives broke any laws

Democratic Sens. Elizabeth Warren and Richard Blumenthal asked the DOJ and SEC to open a probe of executives at Silicon Valley Bank.

The letter came on the heels of a joint announcement by the Justice Department and the SEC about a pending investigation into the SVB failure.

The inquiry will take place in separate and preliminary phases and look into stock sales that SVB executives conducted ahead of the bank's collapse.