https://www.live-feeds.com/feed/sec-subpoenas-wall-street-banks-over-situational-awarenessContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/sec-subpoenas-wall-street-banks-over-situational-awarenesshttps://www.live-feeds.com/feed/sec-subpoenas-wall-street-banks-over-situational-awareness#u48599Wed, 26 Aug 2026 02:11:08 +0000The Securities and Exchange Commission has subpoenaed Goldman Sachs, JPMorgan, Citigroup, and Bank of America to investigate the near-collapse of Situational Awareness, an AI-focused hedge fund. The probe centers on trades that triggered a market meltdown in July, during which the fund lost 67% of its value. Regulators are demanding bank records to determine the role Wall Street lenders played in the fund's instability and subsequent losses. The investigation follows a period of extreme volatility for the fund, which is led by former OpenAI researcher Leopold Aschenbrenner.Why it mattersS