---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-23-000372"
form_type: "8-K"
ticker: "UNL"
cik: "0001405513"
company_name: "United States 12 Month Natural Gas Fund, LP"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:23:32.359479+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# UNL adds ADM Investor Services as new futures commission merchant

## Summary
- UNL entered into Customer Account Agreement with ADM Investor Services, Inc. for execution and clearing services.
- ADMIS will serve as an additional FCM; existing Marex relationships remain unchanged.
- Marex North America transferred its futures clearing business to Marex Capital Markets; accounts consolidated with no expected impact.
- Standard provisions for margin, security interest, and electronic delivery; no material financial terms disclosed.

## SEC filing metadata
- accession: 0001171200-23-000372
- form_type: 8-K
- ticker: UNL
- cik: 0001405513
- company_name: United States 12 Month Natural Gas Fund, LP
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405513/000117120023000372/0001171200-23-000372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405513/000117120023000372/i23339_unl-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-23-000372
- JSON: https://secwatch.observer/filing/0001171200-23-000372.json
- Plain text: https://secwatch.observer/filing/0001171200-23-000372.txt

## Key facts
- Material Agreements
  United States 12 Month Natural Gas Fund, LP entered into Customer Account Agreement with ADM Investor Services, Inc. valued at Agreement to serve as additional futures commission merchant (effective 2023-08-08).
  - Action: entry
  - Counterparty: ADM Investor Services, Inc.
  - Value: Agreement to serve as additional futures commission merchant
  - Effective: 2023-08-08
  source text: On August 8, 2023, United States 12 Month Natural Gas Fund, LP (the “Registrant”) entered into a Customer Account Agreement (the “Agreement”) with ADM Investor Services, Inc. (“ADMIS”) to serve as an additional futures commission merchant (“FCM”) for the Registrant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1405513/000117120023000372/0001171200-23-000372-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.