US Senator Warren calls for investigation into SVB and Signature Bank failures

& SHE IS RIGHT THE BANKS ARE UTTERLY INEPT & SO ARE THE AUDITORS.US BANKS FOLLOW US GAAP & THERE IS WAY OUT FOR THE AUDITORS & BOARD OF DIRECTORS OF BANKS & THE FUNDS WHICH INVESTED IN THE BANKS EQUITY. THESE BANKS ARE LISTED ON NYSE & NASDAQ,& HAVE TO COMPLY WITH SEC & LISTING REGULATIONS. UNHEDGED INTEREST RATE RISK,IS AN EVENT RISK,WHICH HAS TO BE REPORTED TO THE EXCHANGES,, ON A PRE-EMPTIVE BASIS, BY THESE BANKS.SEC SHOULD HAVE PLACED THESE STOCKS ON THE WATCH LIST,& STOPPED ALL NON-CASH SETTLED TRADES ,IN THE STOCKS - TO SAVE THE INVESTORS - BUT IT DID NOT ! AUDITORS & BANK BOARD,ARE CRIMINALLY LIABLE.THE FACT OF UNHEDGED POSITIONS,IS A MATTER OF AUDIT DISCLOSURE & AUDIT QUALIFICATION,& A DETAILED MANAGEMENT EXPLANATION (WHICH SHOULD BE IN THE ANNUAL REPORT & SEC FILINGS). EVEN THE COMPANIES WHICH INVESTED IN THE DEPOSITS OF THESE BANKS ARE CRIMINALLY LIABLE - & SO ARE THEIR AUDITORS,AS THEY HAVE IMPERILED THEIR INVESTORS,W/O PROPER DISCLOSURE & TRANSPARENCY.SAMIR SARDANA