Securities regulators have warned the largest U.S. crude-oil exchange-traded fund that it could face enforcement action related to its overhaul after oil crashed earlier this year, the latest development illustrating the dangers of trading complex commodity products. The U.S. Oil Fund disclosed Wednesday that it received a Wells notice from the Securities and Exchange Commission two days earlier. The notice is tied to the fund’s disclosures and actions related to its position in oil futures that went haywire in April and May,...

Source: Wall Street Journal August 19, 2020 17:33 UTC