Concierge subsidiary USCF settles SEC/CFTC enforcement for $2.5M penalty

Marygold Companies, Inc.

USCF and USO settled SEC and CFTC charges over alleged misstatements during Apr-May 2020.
Total civil penalty of $2.5M; USCF paying $1.25M to each of SEC and CFTC.
Cease-and-desist orders issued; USCF and USO consented without admitting or denying findings.
Wells Notices were received in August 2020; settlement announced November 8, 2021.

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