In brief

  • SEC called on the largest banks regarding transactions involving the AI fund, financial leverage, and messages from lenders.

  • The fund lost 67% in July, and then sold its stock portfolio to Citadel.

  • The regulators allege no wrongdoing, and the banks and the SEC declined to comment.

Read the original article AI Fund worth $30B collapses, now the SEC is investigating Wall Street’s role by Lockridge Okoth on pl.beincrypto.com

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