United States Oil Fund will get Wells recognize from SEC – Agricultural Commodities

Aug 19 (Reuters) – The United States Oil Fund LP, the country’s major crude trade-traded fund, explained on Wednesday it gained a Wells notice from the U.S. Securities and Exchange Fee.

The Wells see states that SEC employees have designed a preliminary determination to suggest that the U.S. securities regulator file an enforcement action against USO, United States Commodity Fund LLC and its main executive officer John Like.

The recognize relates to USO’s disclosures in late April and early Might on the constraints imposed on USO’s ability to commit in oil futures contracts, the fund reported in a regulatory submitting.

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Saudi Arabia’s $300 billion prosperity fund ditched Facebook, Disney, and Boeing stocks, and poured billions into ETFs in the second quarter

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  • Saudi Arabia’s sovereign wealth fund, which is amid the largest in the entire world, introduced investments it purchased and offered in the second quarter in an SEC submitting.
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  • The point out-backed Community Financial investment Fund exited its investments in significant US corporates these types of as Boeing, Facebook, Marriott, and Disney, in accordance to the submitting.
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  • The wealth fund centered on trade-traded resources instead than person investments and invested approximately $4.7 billion on the genuine-estate and utilities sectors.
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  • PIF also marketed off 50% of its shares in Warren Buffett’s Berkshire Hathaway.
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