Notices to Members

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Notice I-21-35

November 11, 2021

NFA Announces Nominations Made by the 2021 Nominating Committee

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Compliance/Legal/Membership
Sr. Management

In accordance with NFA Bylaw 406, the Office of the Secretary has received from the 2021 Nominating Committee a list of its nominees for positions on NFA's Board of Directors and 2022 Nominating Committee. The list of nominees included with this Notice shall serve as notification to NFA Members of the candidates proposed by the 2021 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 2, 2021. 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. 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 or email for receipt no later than December 2, 2021 to:

By Mail:
Carol A. Wooding
General Counsel and Secretary
NFA
300 S. Riverside Plaza, Suite 1800
Chicago, Illinois 60606

By Email:
election2022@nfa.futures.org

If you have any questions, please contact Carol Wooding at (312) 781-1409 or cwooding@nfa.futures.org.


NOMINEES FOR NFA BOARD OF DIRECTORS


FCM — There are three (3) open positions in the FCM category on the Board of which one (1) must be affiliated with an FCM ranked as a top ten FCM based on the total amount of segregated funds and secured amounts as of June 30 preceding the election; one (1) must be affiliated with an FCM not ranked in the top ten FCMs; and one (1) is an at-large position with no conditions placed on this position as far as FCM ranking. The nominees and their respective positions are:

Top 10 FCM
Scott Andersen
SG Americas Securities LLC

Non-Top 10 FCM
Maureen C. Downs
Phillip Capital, Inc.

At-Large FCM
Gerald F. Corcoran
R.J. O'Brien & Associates LLC


IB — There is one (1) open position in the IB category on the Board which must be filled by a Guaranteed IB. The nominee with the respective position is:

Guaranteed IB
Scott W. Stewart
Stewart-Peterson Group, Inc.


CPO/CTA — There are two (2) open positions in the CPO/CTA category on the Board of which one (1) must be affiliated with a CPO or CTA that is ranked within the top ten (10) percent of CPOs and CTAs reporting any funds under management allocated to futures and swaps on NFA Form PQR and NFA Form PR as of June 30, 2021; and one (1) is an at-large position with no conditions placed on this position as far as its ranking. The nominees and their respective positions are:

Top 10% CPO/CTA
Constance R. Wick
Crabel Capital Management LLC

At-Large CPO/CTA
Brendan Kalb
ExodusPoint Capital Management LP


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 of 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 and their respective positions are:

Large Financial Institution
Don Thompson
JPMorgan Chase & Co.

Non-Large Financial Institution
Mark L. Maurer
StoneX Markets LLC

At-Large Financial Institution
William F. McCoy
Morgan Stanley


NOMINEES FOR 2022 NOMINATING COMMITTEE


FCM — There is one (1) open position on the 2022 FCM Nominating Subcommittee. The nominee is

David Allocco
Citigroup Global Markets, Inc.


IB — There is one (1) open position on the 2022 IB Nominating Subcommittee. The nominee is:

Trent Hurley
Hurley & Associates, Inc.


CPO/CTA — There is one (1) open position on the 2022 CPO/CTA Nominating Subcommittee. The nominee is:

Simon Raykher
Kepos Capital LP


SD/MSP/RFED — There is one (1) open position on the 2022 SD/MSP/RFED Nominating Subcommittee. The nominee is:

Syed Ali
Barclays Bank PLC


* 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."

** Pursuant to Article XVIII (n) of NFA's Articles of Incorporation a "Large Financial Institution" is defined as a Swap Dealer included in a well-defined, publicly available and independent list of financial institutions that NFA's Board of Directors identifies by resolution from time to time. In August 2012, NFA's Board of Directors adopted a resolution defining the term "large financial institution" to be the over-the-counter (OTC) derivatives dealer signatories (primary dealers) on the commitment letters executed by the OTC Derivatives Supervisors Group.

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