secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001171200-23-000373
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USL adds ADM Investor Services as FCM; Marex internal transfer has no material impact
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- Entered Customer Account Agreement with ADM Investor Services to serve as additional futures commission merchant.
- ADMIS will execute and clear commodity futures and options trades for USL; commissions will be paid under the agreement.
- Marex North America transferred its futures clearing business to Marex Capital Markets on July 14, 2023 as internal reorganization.
- USL's MNA account consolidated with MCM; MCM assumed rights/obligations of existing customer agreement; no operational impact expected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000117120023000373/0001171200-23-000373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000117120023000373/i23340_usl-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-23-000373

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