[U.S. Securities and Exchange Commission Investigates Situational Awareness Discounted Liquidation Incident] According to Jintou Data, the U.S. Securities and Exchange Commission (SEC) is investigating the discounted liquidation incident involving AI hedge fund Situational Awareness and has issued subpoenas to major Wall Street banks involved in the transactions. The fund, founded by former OpenAI researcher Leopold Aschenbrenner, suffered losses due to a decline in AI stocks and a rise in traditional tech stocks, forcing it to sell most of its portfolio at a discount to Citadel. The SEC has requested banks to provide transaction timestamps, communication records with lenders, and to preserve relevant materials. The investigation is currently in its early stages, and Situational Awareness has stated that it will fully cooperate with regulatory requirements.