---
title: "Regulator sends subpoenas to banks for details on Situational Awareness trades - report"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296828497.md"
description: "The SEC has issued subpoenas to major Wall Street banks, including Bank of America and Goldman Sachs, seeking details on trading activities by the collapsed AI hedge fund Situational Awareness. The regulator is investigating the timing of trades and communications regarding borrowed funds. Citadel acquired a significant portion of the fund's $16B portfolio at a discount following its July collapse. The investigation is in its early stages with no guaranteed penalties."
datetime: "2026-08-24T21:00:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296828497.md)
  - [en](https://longbridge.com/en/news/296828497.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296828497.md)
generator: "portal-rs"
---

# Regulator sends subpoenas to banks for details on Situational Awareness trades - report


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**