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December 06, 2010
Nominated Individuals to NFA's Board of Directors and 2011 Nominating Committee
On November 8, 2010, NFA notified its Members of the nominations made by the 2010 Nominating Committee for positions on NFA's Board of Directors and 2011 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. The deadline to submit nominations by petition has passed and no candidates were added via petition. Therefore, there will be no contested election this year, and the nominees named below will fill the open positions on the Board and Nominating Committee.
FCM -- This year there are four open positions in the FCM category on the Board. Of the four FCM Board members whose terms do not expire next year, two 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 30, 2010 and two are affiliated with non-top ten FCMs. Therefore, the four open FCM positions may be filled by either FCMs that rank in the top ten or by FCMs that do not rank in the top ten. The nominees are:
Nominees - FCM Category:
Maureen C. Downs
W. Robert Felker
Christopher K. Hehmeyer
William F. McCoy
IB -- 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:
Nominee - Independent IB Category:
John A. Vassallo
CPO/CTA -- This year there are two open positions in the CPO/CTA category on the Board. Of the two CPO/CTA Board members whose terms do not expire next year, one ranks in the top 20% of CPOs or CTAs with funds under management allocated to futures and the other does not. Therefore, of the two open CPO/CTA positions, at least one must be filled by a CPO or CTA that ranks in the top 20%. The nominees are:
Nominees - CPO and CTA Category
Bruce L. Cleland
George E. Crapple
FCM -- There is one open position on the 2011 FCM Nominating Subcommittee. The nominee is:
Louis T. Caiafa
BNP Paribas Commodity Futures Inc.
IB -- There is one open position on the 2011 IB Nominating Subcommittee. The nominee is:
Michael T. Burke
Chief Executive Officer
Highground Trading Group Inc.
CPO/CTA -- There is one open position on the 2011 CPO/CTA Nominating Subcommittee. The nominee is:
Patricia N. Gillman
Winton Capital Management, Ltd.