Notices to Members
2024 | 2023 | 2022 | 2021 | 2020 | Show more yearsNotice I-17-21
November 10, 2017
NFA announces nominations made by the 2017 Nominating Committee
In accordance with NFA Bylaw 406, the Office of the Secretary has received from the 2017 Nominating Committee a list of its nominees for positions on NFA's Board of Directors and 2018 Nominating Committee. The list of nominees included with this notice shall serve as notification to NFA Members of the candidates proposed by the 2017 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 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 1, 2017. 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 through NFA's website by completing an electronic Executive Representative Contact form. Directions for designating an Executive Representative were provided in NFA's September 20, 2017 Notice to Members I-17-17. 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. If a Member designated an Executive Representative last year, it is not necessary to do so again unless the person designated as the Executive Representative has changed.
Petitions should be submitted by mail, email or fax for receipt no later than December 1, 2017 to:
By Mail: |
By Email: By Fax: |
If you have any questions, please contact Carol Wooding at 312-781-1409.
* 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 three (3) open positions in the FCM category on the Board of which at least two (2) must be affiliated with an FCM not ranked as 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:
Gerald F. Corcoran |
Michael C. Dawley |
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Maureen C. Downs |
IB — This year there is one (1) open position in the IB category on the Board which must be filled by a Guaranteed IB. The nominee is:
Scott W. Stewart |
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 10% 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, 2017, and one (1) is an at-large position with no conditions placed on this position as far as its ranking. The nominees are:
Top 10% CPO/CTA |
At-Large CPO/CTA |
SD/MSP/RFED — There are three (3) open positions in the SD/MSP/RFED category on the Board of which one (1) must be affiliated with an SD that is a Large Financial Institution as of June 30 preceding the election, 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:
Large Financial Institution |
Non-Large Financial Institution |
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At-Large Position |
NOMINEES FOR 2018 NOMINATING COMMITTEE
FCM — There is one (1) open position on the 2018 FCM Nominating Subcommittee. The nominee is:
Daniel Ryba |
IB — There is one (1) open position on the 2018 IB Nominating Subcommittee. The nominee is:
Susan K. Martin |
CPO/CTA — There is one (1) open position on the 2018 CPO/CTA Nominating Subcommittee. The nominee is:
Gerard G. Trevino |
SD/MSP/RFED — There is one (1) open position on the 2018 SD/MSP/RFED Nominating Subcommittee. The nominee is:
Michelle Broom |