The Securities and Exchange Commission is dropping the hammer on private fund advisers who allegedly mishandled millions in investor assets under the guise of granting them lucrative pre-IPO shares in coveted startups such as OpenAI, SpaceX, and others. According to two separate cases announced on Wednesday, the SEC claims multiple fund advisers allegedly deceived mom-and-pop
Two SEC titans will face off in this weekend’s most anticipated college football game. Below, we’ve rounded up everything you need to know about how to watch LSU vs. Ole Miss, including global streaming options. If you don’t want to read any further, you can live stream the game on ESPN Unlimited in the US,
The Buckeyes head to Texas to take on the Longhorns in this weekend’s most anticipated college football game. We’ve rounded up everything you need to know about how to watch Ohio State vs. Texas, no matter where you are in the world. If you don’t want to read any further, we’ve got you covered. You
Situational Awareness, the AI focused hedge fund that was Wall Street’s fleeting obsession, is having a very bad month. The company, led by twentysomething OpenAI alum Leopold Aschenbrenner, went all-in on a variety of AI investments and, for a period, enjoyed phenomenal growth. Then, at the end of July, a downturn in AI stocks erased
The US Securities and Exchange Commission has sent subpoenas to major Wall Street banks regarding the hedge fund Situational Awareness, according to people familiar with the matter. The information being sought is related to the trading activity of the hedge fund, which came under pressure and was forced to exit many of its positions last
A sales force of more than 100 agents allegedly cold-called thousands of prospective investors with sleek, scripted pitches for shares in the most exclusive private tech companies in the world, including SpaceX, Anduril, Anthropic, and Perplexity, while promising repeatedly there would be no hidden fees. The agents worked for The Spaventa Group (TSG), a Long
