A national regulatory body has permanently banned the Chicago-based parent companies of K-Ratio X’s now-defunct fuel hedging program that targeted trucking companies from any futures trading.
The National Futures Association ordered K-Ratio Advisory LLC and K-Ratio Brokerage LLC (K-Ratio X), owned by Russell Gallemore, to never reapply for membership or act as a principal of an NFA member.
The NFA’s Business Conduct Committee issued its decision last week, eight months after it launched an...