The Securities and Exchange Commission (SEC) on Monday announced settled charges against U.S. Oil Fund (USO) and its general partner U.S. Commodity Funds (USCF) regarding misleading statements. USCF additionally settled a parallel case with the Commodity Futures Trading Commission (CFTC) and will pay a total penalty of $2.5 million.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...