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November 04, 2008
NFA Announces Nominations Made by the 2008 Nominating Committee
In accordance with NFA Bylaw 406, the Office of the Secretary has received from the 2008 Nominating Committee a list of its nominees for positions on NFA's Board of Directors and 2009 Nominating Committee. The list of nominees included with this notice shall serve as notification to NFA Members of the candidates proposed by the 2008 Nominating Committee.
Other nominations may be made by petition. Article VII, Section 3(b) of NFA's Articles of Incorporation provides that:
(ii) Petition submitted by any organization or association recognized by NFA as fairly representing the category ... for which the nomination is made.
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. Therefore, if you wish to submit nominations by petition, please make sure that such petitions are received by the Secretary of NFA on or before November 25, 2008. Petitions received after that date will not be considered.
National Futures Association
Attn: Thomas W. Sexton
300 South Riverside Plaza, Suite 1800
Chicago, Illinois 60606
* 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."
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, and the other two must be filled by FCMs that do not rank in the top ten. The nominees are:
This year there is one open position in the IB category on the Board which must be filled by an Independent IB. The nominee is:
This year there are two open positions in the CPO/CTA category on the Board. At least one must be filled by a CPO or CTA that ranks in the top 20% of CPOs or CTAs with funds under management allocated to futures. The nominees are:
There is one open position on the 2009 FCM Nominating Subcommittee. The nominee is:
Dorman Trading, L.L.C.
There is one open position on the 2009 IB Nominating Subcommittee. The nominee is:
Traders Network, Inc.
There is one open position on the 2009 CPO/CTA Nominating Subcommittee. The nominee is:
President and Chief Executive Officer