INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of United States Oil Fund, LP (USO) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NYSE: USO ) investors concerning the Company and its officers possible violations of federal securities laws.

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Retrieved on: 
Friday, May 29, 2020
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Legal, Professional services, Finance, Economy, Money, Investment funds, Stock market, Corporate crime, U.S. Securities and Exchange Commission, Security, Futures contract, Commodity Futures Trading Commission, Investor, New York Stock Exchange
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PENNSYLVANIA, United States
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Summary
Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NYSE: USO ) investors concerning the Company and its officers possible violations of federal securities laws.
  • On May 29, 2020, Bloomberg reported that the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission had opened probes into the United States Oil Fund, LP.
  • The Company's stock has lost 75% of its value in the two months ended April 30.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Law Offices of Howard G. Smith announces an investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NYSE: USO) investors concerning the Company and its officers’ possible violations of federal securities laws.

On May 29, 2020, Bloomberg reported that the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission had opened probes into the United States Oil Fund, LP. According to the article, the probes concerned issues including "whether shareholders were adequately informed that the ETF’s value wouldn’t necessarily move in tandem with the spot price of oil and the fund’s recent decision to purchase crude contracts that expire further out in the future."

The Company's stock has lost 75% of its value in the two months ended April 30.

If you purchased USO securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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