Silvergate - Is the SEC a Primary Regulator?

The FDIC said Silvergate was structurally too weak of a bank. So they recommend you voluntarily choose to liquidate this and pay back depositors. There's an ongoing Department of Justice investigation into Silvergate, right? And so like the dynamics here are getting really tricky for Silvergate,. The most responsible thing they could have done was probably liquidate and payback depositors.