KSR Defeats $3.75 Million Dollar Commodities Fraud Claim

July 2022 – A National Futures Association arbitration panel found in favor of KSR’s clients, a nationally recognized futures commission merchant, its introducing broker, and the individual trader, and denied all claims brought by a customer who alleged that they defrauded him by falsely representing and executing a hedging strategy. The customer alleged that KSR’s clients’ use of futures and options on futures did not constitute hedging and, instead, constituted impermissible speculation and caused his losses. After an in-person arbitration in Chicago, the panel found in favor of KSR’s clients and dismissed all the claims with prejudice.” Marty Doyle and Jim Kopecky handled the case for the firm.