According to Reuters, citing sources, the U.S. Securities and Exchange Commission (SEC) is seeking detailed information on due diligence for FTX investors, including asking what due diligence policies and procedures investment institutions have in place and whether they have been followed when choosing to invest in FTX. Policies and Procedures. The sources also said the SEC probe could mean that venture capital firms and investment funds investing in FTX could face regulatory scrutiny over whether the firms are fulfilling their obligations to their own investors.