
SEC Subpoenas Banks Linked to AI Hedge Fund's Near-Collapse
The SEC has subpoenaed several major Wall Street lenders to learn more about AI-focused hedge fund Situational Awareness, seeking details on its trades, use of leverage and lender communications after the fund unwound heavily levered public equity bets in July; Citadel reportedly bought much of the risk, and regulators emphasize that inquiries can occur without implying wrongdoing or enforcement action.













