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SEC reportedly subpoenas Wall Street banks over "AI" hedge fund Situational Awareness’s near collapse

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submitted by technocrit to technology 7 points | 1 comments https://www.cnbc.com/2026/08/25/sec-situational-awareness-hedge-fund-subpoenas.html The Securities and Exchange Commission has reportedly subpoenaed several major Wall Street lenders to glean more information about their role in the near-collapse of AI-focused hedge fund Situational Awareness. Regulators are seeking insights into Situational Awareness’s tra…

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