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November 10, 2006
NFA Announces Nominations Made by the 2006 Nominating Committee
In accordance with NFA Bylaw 406, the Office of the Secretary has received from the 2006 Nominating Committee a list of its nominees for positions on NFA's Board of Directors and 2007 Nominating Committee. The list of nominees included with this notice shall serve as notification to NFA Members of the candidates proposed by the 2006 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 1, 2006. Petitions received after that date will not be considered.
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.
NFA BOARD OF DIRECTORS
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:
W. Robert Felker
J.P. Morgan Futures Inc.
William F. McCoy
Morgan Stanley Dean Witter, Inc.
Nominees - Other FCM Category:
Christopher K. Hehmeyer
Goldenberg Hehmeyer & Co.
Douglas O. Kitchen
Rosenthal Collins Group LLC
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:
John A. Vassallo
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:
Bruce L. Cleland
President and CEO
Campbell & Company, Inc.
George E. Crapple
Co-Chairman and Co-Chief Executive Officer
The Millburn Corporation
2007 NOMINATING COMMITTEE
There is one open position on the 2007 FCM Nominating Subcommittee. The nominee is:
ADM Investor Services Inc.
There is one open position on the 2007 IB Nominating Subcommittee. The nominee is:
Stewart Peterson Group Inc.
There is one open position on the 2007 CPO/CTA Nominating Subcommittee. The nominee is:
Executive Vice President
Rabar Market Research Inc.
* 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."