Company: EUO
Filing Date: 2025-03-28
Form Type: 424B3
Source: 0001193125-25-065647
Chunk: 412

Company: ProShares Trust II
Filing Date: 2025-03-28
Form: 424B3
Chunk 412
---
2021, the Advocate General of the Dutch High Court issued an advisory opinion on the subsidiary of the Group’s appeal, which rejected the subsidiary of the Group’s principal grounds of appeal. On 11 February 2021, the subsidiary of the Group and the Dutch Authority each responded to this opinion. On 22 June 2021, Dutch criminal authorities sought various documents in connection with an investigation related to the civil claims asserted by the Dutch Authority, concerning the accuracy of the subsidiary of the Group’s tax returns and the maintenance of its books and records for 2007 to 2012. On September 27, 2022, The Securities and Exchange Commission announced charges against 15 broker-dealers and one affiliated investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications. The firms admitted the facts set forth in their respective SEC orders, acknowledged that their conduct violated recordkeeping provisions of the federal securities laws, agreed to pay combined penalties of more than $1.1 billion, and have begun implementing improvements to their compliance policies and procedures to settle these matters. Barclays Capital Inc., Deutsche Bank Securities Inc. together with DWS Distributors Inc. and DWS Investment Management Americas, Inc.; Goldman Sachs & Co. LLC; Morgan Stanley & Co. LLC together with Morgan Stanley Smith Barney LLC; and UBS Securities LLC together with UBS Financial Services Inc. have each agreed to pay penalties of $125 million.

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APPENDIX A—GLOSSARY OF DEFINED TERMS The Glossary of Defined Terms below defines certain of the terms and meanings used throughout this Prospectus. Each term also is defined the first time it is used in this Prospectus.

| 1933 Act                                  | Securities Act of 1933, as amended                                                                                                                                                          |
| 1934 Act                                  | Securities Exchange Act of 1934, as amended                                                                                                                                                 |
| 1940 Act                                  | Investment Company Act of 1940, as amended                                                                                                                                                  |
| Administrator                             | The Bank of New York Mellon, as administrator for the Funds                                                                                                                                 |
| Advisers Act                              | The Investment Advisers Act of 1940                                                                                                                                                         |
| Authorized Participant                    | Those who may purchase (i.e., create) or redeem Creation Units directly from the Funds                                                                                                      |
| Authorized ParticipantAgreement           | The agreement that is entered into between an Authorized Participant, the Sponsor and the Trust thatallows an Authorized Participant to purchase or redeem Creation Units directly from the 
 Funds                                                                                                                                                                                       |
| Authorized ParticipantProcedures Handbook |