Notices to Members

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Notice I-96-27

November 14, 1996

Candidates Announced for NFA Board and Nominating Committee

On October 17, 1996, NFA notified its Members of the nominations made by the 1996 Nominating Committee for positions on NFA’s Board of Directors ("the Board") and 1997 Nominating Committee. At that time, Members were also given the opportunity to make other nominations by petition, in accordance with Article VII, Section 3(b) and Article X, Section 3 of NFA’s Articles of Incorporation.

NFA Bylaw 406 states that "promptly after the expiration of the period within which petitions may be submitted, the Secretary shall notify the Members of all of the candidates for Director and member of the Nominating Committee." In accordance with Bylaw 406, this Notice will serve as notification of the candidates for the Board and 1997 Nominating Committee, including the names of the individuals nominated by petition in accordance with Article VII, Section 3(b) and Article X, Section 3. Enclosed is a complete list of candidates.

NFA Bylaw 406 also states that "in the event of a contested election, the Secretary shall cause written ballots to be sent to all Members in that category (i.e., FCM and LTM, IB, CPO or CTA) by December 15." In accordance with Bylaw 406, ballots shall be sent to all Member IBs and CTAs on December 13, 1996. No ballots shall be sent in the FCM or CPO categories. The FCM category will be represented on the Board and the 1997 Nominating Committee by the individuals indicated on the enclosed list. In the CPO category, there were no vacancies to be filled on either the Board or Nominating Committee.

Should you have any questions, do not hesitate to contact Tony Rose at (312) 781-1469.

1997 Nominees

FCM (1-15 Offices)
Two Board vacancies

Board of Directors

Hal T. Hansen
Cargill Investor Services, Inc.

Wallace G. Weisenborn
ING (U.S.) Securities, Futures & Options, Inc.

Nominating Committee

James A. Gary
Executive Vice-President
The Chicago Corporation

FCM (16-50 Offices)
One Board vacancy

Board of Directors

Douglas O. Kitchen
Bardford & Co., Incorporated

Nominating Committee

Michael J. Hogan
Managing Director
Lehman Brothers, Inc.

FCM (51+ Offices)
Two Board vacancies

Board of Directors

Laurence E. Mollner
Executive Vice-President
Dean Witter Reynolds, Inc.

John P. Sievwright
Merrill Lynch Futures, Inc.
Managing Director
Institutional Financial Futures & Options

Nominating Committee

Jack H. Lehman, III
Senior Executive Vice-President
Smith Barney, Inc.

One Board vacancy [Note that at least one Nominating Committee vacancy must be filled by a candidate affiliated with an Independent IB (IBI). The other two vacancies can be filled by candidates affiliated with Guaranteed IBs (IBG).]

Board of Directors

William D. Darby
Darby Trading Consultants

Michael P. Doherty
Branch Manager
Super Fund Financial Group, Inc.

Nominating Committee

Kevin P. Biber
Pittsburgh Futures Group, Inc. (IBG)

Michael L. Mitchell
President & CEO
Mitchell Investments, Inc. (IBG)

Norton B. Rixey, Jr.
Central States Commodities, Inc. (IBI)

Bradley W. Sharp
Commodity Futures & Options Manager
Anglaize Farmers Cooperative, Inc. (IBG)

One Board vacancy

Board of Directors

Douglas L. Bry
Northfield Trading LP

Elizabeth A.M. Kenton
Senior Vice-President & Director of Compliance
John. W. Henry & Co., Inc.

Nominating Committee

Carl J. Beck
Hyman Beck & Co., Inc.

Martin P. Klitzner
Co-Managing Director
Sunrise Capital Partners, LLC

Carl C. Peters
Abacus Trading Corporation

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