The NFA sent out its notice to members of the newly elected members to the NFA Board of Directors. This year the only contested election was in the CPO/CTA category. The results of those elections are as follows: CPO/CTA Representatives: Douglas L. Bry Senior Strategist Welton Investment Partners LLC Ernest L. Jaffarian CEO/CIO Efficient Capital Management LLC The NFA Board of Directors Introducing Brokers Representatives remained the same. Mike Burke will continue to represent as the IIB member and Paul Georgy will continue to represent as the GIB member. NIBA is excited and looking forward to working with Paul Georgy…...

Dear Members – The primary objectives of the NIBA have remained the same since we were founded in June 1991: To help members find greater success through education and networking, and, To provide members with a voice in regulatory and industry matters. To name just a few noteworthy objectives accomplished through regular member meetings, newsletters and representation of your interests and opinions at the CFTC, NFA and with exchanges and FCMs, they are: Lowering of NFA dues from $1,000 per year to $750 for IBs and CTAs. Requiring registration for offerers of hedge-to-arrive contracts. Opposing the merger of CFTC and…...

This year marks the 25th Year the NIBA has been serving the futures industry.  There have been plenty of good and bad times within the industry over the last quarter of a century but one thing remains the same, the NIBA has been here at your side trying to fight the good fight. NIBA has elected to make some changes moving into the next 25 years of the association.  A facelift has been given to our logo and association tag line.  Please visit www.theniba.com to have a look at the new logo and tag line.  The NIBA has been known…...

Please find a complete listing of NIBA events, meetings and general happenings for the new year below: January 2016  2016 Membership Campaign Opens  January 19th Last day for NFA Election Ballots to be Received  January 19th NIBA Executive Board of Directors Meeting (Chicago)  February 25th FCM/Service Provider Member Appreciation Reception (Chicago)  March 16th NIBA Executive Board of Directors Meeting  April 20th NIBA Board of Directors Meeting (NYC) April 20th NIBA Membership Meeting, New York Athletic Club (NYC)  May 19th NIBA Membership Committee Meeting  June 14th NIBA Executive Board of Directors Meeting (Chicago)  July 13th NIBA Board of Directors Meeting (Chicago) …...

Most of us have received our ballots for the upcoming NFA elections. NIBA is excited and looking forward to working with Paul Georgy and Mike Burke as the representatives for GIBs and IIBs on the NFA Board of Directors. They have both shown a deep understanding of the IB community and its needs. Paul and Mike are respected by both the IBs they represent and the regulators, and will continue to be effective voices for our opinions. NIBA has been asked to endorse all four candidates running in the contested races for CTA/CPO positions. There are currently 18 members of…...

It has been my great pleasure for the last year to serve as your NFA Board of Directors IIB Representative. I appreciate your continued support and it is my honor to be allowed to serve a second one year term in this position in addition to serving my first term as President of the NIBA.  I am pleased to report that during my first term on the NFA Board my suggestion to NFA staff to offer electronic voting to NFA members in NFA elections has been approved by the NFA Board and will come to fruition. While on the face…...

Paul has been involved in the IB business for more than 30 years. He has served the NIBA in all officer positions before being elected to the NFA Board of Directors. Paul has served on several committees at the NFA as well as Vice Chairman of the Board of Directors. IB owners, office managers, and compliance personnel; 2016 will be another year of adjustments and likely more consolidation in the futures industry. Since Congress passed the Dodd-Frank bill, the CFTC has been developing regulation to meet the goals of this legislation which continues to impact our business.  In recent conversations…...

Dear CTA/CPO NFA Member – Two of the CTA/CPO Board Seats are contested this year, your vote is critical, and we would appreciate your consideration. We’ve served on the NFA Board for the past 4 years, running in and winning contested elections in 2012. The decision to run was driven by our disappointment with NFA’s response to the bankruptcy of MF Global, and our belief that a fresh perspective was needed to move the organization forward. Each of us has experienced over 25 years of growth and evolution in the futures industry, and we bring a small business entrepreneurial spirit…...

Dear Members, It is time for another NFA Board of Directors election. If it seems like we just asked you for your vote, it’s because we did as you elected us to two-year terms less than a year ago. However, due to changes to the Board’s composition, we currently find ourselves up for election yet again in the only two contested races on the whole Board. We know that the constant stream of elections may seem unimportant, but as someone who makes their living subject to ever-increasing regulation, taking the time to vote for effective Board representation directly benefits your…...

Dear Members – The NIBA was founded in June 1991. During the past 25 years, we have become known as the association who educates and speaks for the retail professional community. We have earned the respect of our regulators and our industry by participating in the rule- making process at both the CFTC and NFA, and submitting position papers on everything from ethics training requirements to increased transparency for FCM financial reports. As we enter our 25th Anniversary Year, NIBA will continue to represent your opinions. You will also see some changes. Originally, the NIBA’s membership was almost entirely made…...