SEC Subpoenas Lenders Over Hedge Fund Meltdown
The SEC has subpoenaed Wall Street banks regarding Situational Awareness following its near-collapse in July. The probe examines the timing of trades and use of leverage after a massive selloff in AI stocks.
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The United States SEC has subpoenaed Wall Street prime brokers over Situational Awareness to examine fund trades and leverage use after its near-collapse last month, a person familiar with the matter said on Monday morning.
