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International Business Times
International Business Times
Business

The SEC Reportedly Wants To Know More About Wall Street Banks' Role In The Fall Of Situational Awareness

Situational Awareness SEC Leopold Aschenbrenner Bank of America Citigroup Goldman Sachs JP Morgan CNBC
The SEC has reportedly subpoenaed different Wall Street banks over their role in the demise of Situational Awareness. (Credit: Reuters)

The Securities and Exchange Commission (SEC) has subpoenaed top Wall Street banks to learn about their role in the fall of the Situational Awareness hedge fund, according to a new report.

Goldman Sachs, JP Morgan, Citigroup and Bank of America have been contacted as the entity seeks to learn more about the fund's use of leverage and its communication with banks.

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