NEW YORK, Feb 27 (Reuters) - The giant United States Oil Fund LP USO.P exchange-traded fund said on Friday it was not aware of any investigation by the U.S. Commodity Futures Trading Commission.
On Thursday, the CFTC said it was investigating the fund concerning a recent large trade on the New York Mercantile Exchange made on Feb. 6.
"United States Oil Fund, LP, while it does have ongoing discussions with its regulators, is not aware that it is a subject of any CFTC investigation regarding the trading on February 6th, 2009," Chief Investment Officer John Hyland said in a statement.
"To the extent that there is any such investigation, United State Oil Fund, LP and its affiliates will fully cooperate. United States Oil Fund, LP puts a high value on compliance with applicable laws and regulations since an orderly and transparent market instills confidence in our investors." (Reporting by Matthew Robinson and Rebekah Kebede)
http://www.reuters.com/article/marketsNews/idUSN2748241620090227
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