Notices to Members

2024 | 2023 | 2022 | 2021 | 2020 | Show more years

Notice I-13-35

November 15, 2013

NFA Announces Nominations Made by the 2013 Nominating Committee

In accordance with NFA Bylaw 406, the Office of the Secretary has received from the 2013 Nominating Committee a list of its nominees for positions on NFA's Board of Directors and 2014 Nominating Committee. The list of nominees included with this notice shall serve as notification to NFA Members of the candidates proposed by the 2013 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; CPO and CTA; and SD and MSP 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; SD and MSP; 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 in 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. 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 December 6, 2013. Petitions received after that date will not be considered.

Petitions should be mailed or faxed to:
National Futures Association
Attn: Thomas W. Sexton
300 South Riverside Plaza, Suite 1800
Chicago, Illinois 60606
(Fax: 312-781-1467)

If you have any questions, please contact Thomas Sexton at (312) 781-1413.

* 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."


FCM -- This year there are three open positions in the FCM category on the Board of which at least one must be affiliated with a top-ten FCM based on the total amount of segregated funds and secured amounts as of June 30 preceding the election, and one must be affiliated with a non top-ten FCM. The nominees are:

Michael C. Dawley
Managing Director
Goldman Sachs & Co.

Gerald F. Corcoran
Chief Executive Officer
R.J. O'Brien & Associates, LLC

Scott A. Cordes
CHS Hedging, Inc.

IB -- 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:

Paul J. Georgy
Allendale, Inc.

CPO/CTA -- This year there are two open positions in the CPO/CTA category on the Board, both of which must be filled by CPOs or CTAs that rank in the top 20% with funds under management allocated to futures and swaps. The Nominating Committee selected four nominees, creating contested elections for the two open positions on the Board in this category. The nominees and who they will be competing with are:

Douglas L. Bry
Northfield Trading LP
Brendan R. Kalb
General Counsel
AQR Capital Management, LLC

Adam C. Cooper
Senior Managing Director
and Chief Legal Officer
Ernest L. Jaffarian
Efficient Capital Management, LLC

SD/MSP -- There are four open positions in the SD/MSP category on the Board of which three must be large financial institution SDs as of June 30 of the prior calendar year and one must be an SD that is not a large financial institution. The nominees are:

Robert P. Burke
Managing Director
Bank of America Merrill Lynch
(for a two-year term)

Charlotte B. McLaughlin
President and CEO
PNC Capital Markets, LLC
(for a two-year term)

Philip A. Olesen
Managing Director, Global Head of Credit Trading
UBS Securities LLC
(for a one-year term)

Don Thompson
Managing Director and Associate General Counsel
JPMorgan Chase & Co.
(for a one-year term)


FCM -- There is one open position on the 2014 FCM Nominating Subcommittee. The nominee is:

Mary Beth Rooney
Citigroup Global Markets Inc.

IB -- There is one open position on the 2014 IB Nominating Subcommittee. The nominee is:

Richard D. Strait
Managing Principal
Strait LLC

CPO/CTA -- There is one open position on the 2014 CPO/CTA Nominating Subcommittee. The nominee is:

Michael Garfinkle
Managing Director
Moore Capital Management, LP

SD/MSP -- There is one open position on the 2014 SD/MSP Nominating Subcommittee. The nominee is:

Amy Kim
Managing Director
Legal and Compliance Department
Morgan Stanley

Subscribe to NFA Email Communications