U.S. Securities and Exchange Commission

Latest developments

OpenAI, SpaceX investor funds went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges in charges against private fund advisers Fortune · 14

Nscale IPO: Europe’s AI Hope Hinges on Two U.S. Giants Trending Topics · 4 weeks ago · 38 SEC subpoenas Wall Street banks over Situational Awareness Fortune · 16 Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims Fortune · 22

Q4 2026

• 1 Oct OpenAI, SpaceX investor funds went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges in charges against private fund advisers

Q3 2026

◆ Nscale filed for a NYSE IPO and secured $3.36 billion in convertible pre-IPO financing, including support from Nvidia Funding

◆ SEC subpoenas banks to obtain records related to trading and funding activities of the AI hedge fund Situational Awareness Legal action

◆ SEC accuses Spaventa Group of running a boiler-room style scheme selling private AI company shares, raising $74 million from investors Legal action

• 21 Sep Nscale IPO: Europe’s AI Hope Hinges on Two U.S. Giants
• 25 Aug SEC subpoenas Wall Street banks over Situational Awareness
• 15 Aug Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims

Relationships

Regulation

• Regulated by Wall Street banks · 1 source
• Regulated by Situational Awareness · 1 source
• Regulated by The Spaventa Group · 1 source
• Regulated by Andrew Spaventa · 1 source
• Regulated by Nscale · 1 source