Sources and filings: Situational Awareness lacked an investment risk team; after the sell-off, the SEC sent subpoenas to major banks about trades they financed
THE SO WHAT
An AI-focused investment firm running without a dedicated risk team and triggering SEC subpoenas is a warning shot—AI-driven strategies do not exempt you from classic leverage and governance failures. Any shop using AI in trading or allocation should separate model research from risk oversight and document that line for regulators now.
READ THE SOURCE
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