https://www.live-feeds.com/feed/sec-reportedly-subpoenas-wall-street-banks-over-ai-hedge-fund-situational-awareness-s-near-collapseContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/sec-reportedly-subpoenas-wall-street-banks-over-ai-hedge-fund-situational-awareness-s-near-collapsehttps://www.live-feeds.com/feed/sec-reportedly-subpoenas-wall-street-banks-over-ai-hedge-fund-situational-awareness-s-near-collapse#u48944Wed, 26 Aug 2026 08:05:25 +0000The U.S. Securities and Exchange Commission is investigating the near-implosion of Situational Awareness, an AI-driven hedge fund. The regulator has issued subpoenas to Wall Street lenders to obtain specific details regarding the fund's trades and bank records. This probe follows a financial meltdown that nearly destroyed the firm, prompting federal oversight into the trading activities and the role of the banks that provided lending services to the fund.Why it mattersSituational Awareness operated as a high-profile AI hedge fund before its recent financial instability. The investigation