FuriaHubSEC subpoenas banks that supervised trading for Situational Awareness
The New York Times reported that the SEC is subpoenaing banks that supervised trading for Leopold Aschenbrenner’s Situational Awareness fund. The fund itself has not been accused of wrongdoing.
On August 24 TechCrunch reported a New York Times account that the SEC is subpoenaing banks that supervised trading for Leopold Aschenbrenner’s Situational Awareness fund. The fund has not been accused of wrongdoing.
What we know
- The New York Times reported that the SEC is subpoenaing banks that supervised trading for Leopold Aschenbrenner’s Situational Awareness fund.
- The fund has not been accused of wrongdoing.
- A late-July downturn in AI stocks erased billions at the firm.
- The fund said it would cooperate fully.
Takeaways
- The SEC’s subpoenas are aimed at supervising banks, not at charging the fund.
- The firm had already taken a multi-billion-dollar hit in the late-July AI-stock drop.
- Situational Awareness says it will cooperate fully.
Source: TechCrunch / NYT
