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November 05, 2009
NFA Announces Nominations Made by the 2009 Nominating Committee (AMENDED)
In the previous version of this Notice to Members, Paul Georgy, was incorrectly identified as an Independent IB. Mr. Georgy is associated with a Guaranteed IB.
In accordance with NFA Bylaw 406, the Office of the Secretary has received from the 2009 Nominating Committee a list of its nominees for positions on NFA's Board of Directors and 2010 Nominating Committee. The list of nominees included with this notice shall serve as notification to NFA Members of the candidates proposed by the 2009 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.
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 27, 2009. 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. As two of the four FCM Board members whose terms do not expire next year are affiliated with 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, it is not mandatory that the four open positions be filled by FCMs that rank as a Top Ten FCM. The nominees are:
|Nominees - FCM Category:|
Michael C. Dawley
Goldman Sachs & Co.
Michael R. Schaefer
Gerald F. Corcoran
Scott A. Cordes
This year there is one open position in the IB category on the Board which must be filled by a Guaranteed IB. The nominee is:
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 CPOs or CTAs that rank in the top 20%. The nominees are:
|Nominees - CPO and CTA Category|
Craig L. Caudle
Chief Executive Officer
Liberty Funds Group, Inc.
Aleks A. Kins
There is one open position on the 2010 FCM Nominating Subcommittee. The nominee is:
Senior Director, Head of Listed
Newedge USA LLC
There is one open position on the 2010 IB Nominating Subcommittee. The nominee is:
Sciota Trading Ltd.
There is one open position on the 2010 CPO/CTA Nominating Subcommittee. The nominee is:
Chief Executive Officer
Ramsey Quantitative Systems Inc.