Defendant Name:
United States Oil Fund, LP
Defendant Type:
Public Company
SIC Code:
6221
CUSIP:
91232N20
Document Reference:
33-11006
Document Details
Legal Case Name
In the Matter of United States Commodity Funds LLC and United States Oil Fund, LP
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
08-Nov-2021
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On November 8, 2021, the SEC instituted settled cease-and-desist proceedings against United States Commodity Funds LLC and United States Oil Fund, LP, stating: "These proceedings concern a failure to disclose material information by USO, a
commodity pool regulated by the Commodity Futures Trading Commission (“CFTC”) pursuant to
the Commodity Exchange Act, and its general partner, USCF, a commodity pool operator
registered with the CFTC, about certain limitations imposed on USO by its sole futures
commission merchant (“FCM”) during the time period specified below, that rendered statements
made misleading."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$2,500,000.00
Shared:
Other Defendants in Action:
