Home > News Center > Notices to Members

Notices to Members

2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996

Subscribe to our feed Follow NFA_News on Twitter
Email This to a Friend
Notice I-07-44

November 14, 2007

NFA Announces Nominations Made by the 2007 Nominating Committee

In accordance with NFA Bylaw 406, the Office of the Secretary has received from the 2007 Nominating Committee a list of its nominees for positions on NFA's Board of Directors and 2008 Nominating Committee. The list of nominees included with this notice shall serve as notification to NFA Members of the candidates proposed by the 2007 Nominating Committee.

Other nominations may be made by petition. Article VII, Section 3(b) of NFA's Articles of Incorporation provides that:

    "Nominations may be made for elected FCM and LTM, IB, and CPO and CTA Director positions by:

      (i) Petition signed by 50 or more NFA Members* in the category for which the nomination is made (i.e., FCM and LTM, IB, and CPO and CTA); or

      (ii) Petition submitted by any organization or association recognized by NFA as fairly representing the category ... for which the nomination is made.

    Petitions shall be submitted in the manner specified by the Bylaws. No petition may nominate more than one candidate for the same position."

Article X, Section 3 of NFA's Articles of Incorporation similarly permits nominations for the Nominating Committee by petition.

NFA Bylaw 406 requires that each petition identify the position to which the nomination pertains, and that all petitions must be received by the Secretary within 21 days of the date of this Notice. If you wish to submit nominations by petition, please make sure that petition candidates meet the category requirements of Articles VI, VII and X, and that such petitions are received by the Secretary of NFA on or before December 5, 2007. Petitions received after that date will not be considered.

Petitions should be forwarded to:
National Futures Association
Attn: Thomas W. Sexton
200 West Madison Street, Suite 1600
Chicago, Illinois 60606-3447

If you have any questions, please contact Thomas Sexton at (312) 781-1413.


* Section 2 of Article VI of the Articles of Incorporation provides that for purposes of signing nomination petitions, a Member will be deemed to be a Member "only in that single category to which its business activities primarily relate."


2007 NOMINEES FOR NFA BOARD OF DIRECTORS

FCM

This year there are four open positions in the FCM category on the Board. Two of the positions must be filled by FCMs that rank in the top ten FCMs based on the total amount of segregated funds and secured amounts as of June 30th preceding the election. The Nominating Committee nominated the two incumbents for these two positions.

The other two open positions must be filled by FCMs that do not rank in the top ten. The Nominating Committee nominated three individuals for these two open positions, thereby making it a contested election in the Other FCM category.

Nominees - Top Ten FCM Category:

Thomas A. Kloet
Senior Executive Vice President
and Chief Operating Officer
Fimat USA Inc.

Michael R. Schaefer
Managing Director
Citigroup Global Markets Inc.

Nominees - Other FCM Category:

Scott A. Cordes
President
Country Hedging, Inc.

Gerald F. Corcoran
Chief Executive Officer
R.J. O'Brien & Associates, Inc.

John D. Streich
President
First Capitol Group LLC

IB

This year there is one open position in the IB category on the Board which must be filled by an Guaranteed IB. The nominee named by the Nominating Committee is:

Nominee - Guaranteed IB:

Paul J. Georgy
President
Allendale, Inc.

CPO/CTA

This year there are two open positions in the CPO/CTA category on the Board. As the two CPO/CTA Board members whose terms do not expire next year rank in the top 20% of CPOs or CTAs with funds under management allocated to futures, it is not mandatory that the two open positions be filled by CPO/CTAs that rank in the top 20%. The nominees are:

Nominees - CPO and CTAs

Craig Caudle
Chief Executive Officer
Liberty Funds Group, Inc.

Robert E. Murray
Chief Operating Officer
Graham Capital Management LP


NOMINEES FOR 2008 NOMINATING COMMITTEE

FCM

There is one open position on the 2008 FCM Nominating Subcommittee, which must be filled by an individual from a top-ten FCM. The nominee is:

Cynthia L. Zeltwanger
President
Fimat USA LLC

IB

There is one open position on the 2008 IB Nominating Subcommittee, which must be filled by an individual from an Independent IB . The nominee is:

Robert (Buck) Haworth
Chief Executive Officer
Born Capital, LLC

CPO/CTA

There is one open position on the 2008 CPO/CTA Nominating Subcommittee. The nominee is:

Joseph F. Esposito
Senior Vice President
Blenheim Capital Management L.L.C.


NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the futures markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy