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Notice I-16-26

November 16, 2016

NFA announces nominations made by the 2016 Nominating Committee

In accordance with NFA Bylaw 406, the Office of the Secretary has received from the 2016 Nominating Committee a list of its nominees for positions on NFA's Board of Directors and 2017 Nominating Committee. The list of nominees included with this notice shall serve as notification to NFA Members of the candidates proposed by the 2016 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, MSP and RFED 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, MSP and RFED; 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 must 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 7, 2016. Petitions received after that date will not be considered.

NFA Bylaw 409 provides that each Member shall designate an Executive Representative, who among other things, has the sole authority to sign nomination petitions on behalf of the Member. Members may designate an Executive Representative by completing the Executive Representative Contact form, found under "For all Membership Categories" in NFA's Electronic Filings page. Directions for designating an Executive Representative were provided in NFA's August 24, 2016 Notice to Members I-16-18. Only firm personnel who are Security Managers or are authorized to view, update, and file information in NFA's Online Registration System (ORS) may complete the Executive Representative Contact form. If a Member does not complete this form and designate an Executive Representative, the Member's membership contact listed in ORS will be deemed to be the Executive Representative.

Petitions should be submitted by mail, email or fax for receipt no later than December 7, 2016 to:

By Mail:
Thomas W. Sexton
Secretary
National Futures Association
300 South Riverside Plaza, Suite 1800
Chicago, Illinois 60606

By Email:
Election2017@nfa.futures.org

By Fax:
Attn: Thomas W. Sexton
(312) 781-1672

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."


NOMINEES FOR NFA BOARD OF DIRECTORS


FCM — This year there are two (2) open positions in the FCM category on the Board of which at least one (1) 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. The nominees are:

Antonio Reyes Miras
Managing Director
Americas Head—Futures, Clearing and Collateral
Citigroup Global Markets, Inc.

Thomas R. Kadlec
President
ADM Investor Services, Inc.

IB — This year there is one (1) open position in the IB category on the Board which must be filled by an Independent IB. The nominee is:

Michael T. Burke
Chief Executive Officer
HighGround Trading LLC

CPO/CTA — This year there are two (2) open positions in the CPO/CTA category on the Board of which one (1) must rank within the top 5% of CPOs or CTAs reporting any funds under management allocated to futures and swaps on NFA Form PQR and NFA Form PR as of June 30, 2016, and one (1) is an at-large position with no conditions placed on this position as far as its ranking.

The Nominating Committee selected two nominees who ranked in the top 5% of CPOs or CTAs as of June 30, 2016. The nominees for this contested election are:

Stephen Berger
Director Government and Regulatory Policy
Citadel

vs.

Martin Lueck
Research Director
Aspect Capital Limited

The Nominating Committee selected one nominee for an at-large position with no conditions placed on this position as far as its ranking. This nominee is:

Ernest L. Jaffarian
CEO and CIO
Efficient Capital Management LLC

SD/MSP/RFED — There are two (2) open positions in the SD/MSP/RFED category on the Board of which one (1) must be affiliated with an SD, MSP, or RFED that is not a Large Financial Institution as of June 30 preceding the election, and one (1) is an at-large position with no conditions placed on this position as far as its ranking. The nominees are:

Non-Large Financial Institution
Charlotte B. McLaughlin
President and Chief Executive Officer
PNC Capital Markets LLC

Philip A. Olesen
Managing Director & Global Head of Credit Trading
UBS Securities LLC


NOMINEES FOR 2017 NOMINATING COMMITTEE


FCM — There is one (1) open position on the 2017 FCM Nominating Subcommittee. The nominee is:

Joni Malpede
President and Chief Executive Officer
Rand Financial Services, Inc.

IB — There is one (1) open position on the 2017 IB Nominating Subcommittee. The nominee is:

Thomas W. Sandy
Chief Operating Officer and Chief Compliance Officer
Rice Dairy LLC

CPO/CTA — There is one (1) open position on the 2017 CPO/CTA Nominating Subcommittee. The nominee is:

Kerrill J. O'Mahony
Global Head of Operations
Moore Capital Management LP

SD/MSP/RFED — There is one (1) open position on the 2017 SD/MSP/RFED Nominating Subcommittee. The nominee is:

Angie Karna
Managing Director/Legal
Nomura

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