Congressman Sold SVB Financial Group Shares Day Before FDIC Takeover

A member of the U.S. Congress could find himself in hot water for some questionable trades around bank stocks prior to the takeover of a collapsed bank by the FDIC and the declining price of many stocks in the sector.

What Happened: Rep. Josh Gottheimer (D-NJ) has been one of the most prolific members of Congress when it comes to making stock and options trades during his time in office.