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Chairman's Letter - Dec 2017

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“Elections belong to the people...” Abraham Lincoln, 1809-1865 Abraham Lincoln was the 16th President of the United States from 1861 until he was assassinated in 1865, and stated the above during the Lincoln-Douglas debates of 1858 when he was a candidate for U.S. Senate. The NFA has announced candidates for various positions on its board of directors. The nomination for the Guaranteed Introducing Broker (GIB) position is Scott Stewart, CEO  of Stewart-Peterson Group in West Bend, WI.  Scott served as the Chairman of the NFA IB Advisory Committee for several years, and is a past president of the NIBA. Scott would fill the position held since 1999 by Paul Georgy, who announced his retirement from the NFA board earlier this fall. Doug Bry, Welton Investment Partners and Brendan Kalb, AQR Capital Management are nominated in the CTA/CPO category where there are two positions open. Both men have significant experience in the industry. NIBA encourages all registrants to get to know these candidates, and their positions on issues important to our daily business lives. When/if the IB and CTA/CPO candidates publish position papers, we will post them. Sue Martin, Ag & Investment Services and Gerald Trevino, Lochridge Investment Advisors, LLC are nominated for the IB and CTA/CPO nominating committees respectively. Last month, NIBA held its annual election to fill positions on our Board of Directors. Congratulations to Mark Shore, Chief Research Officer of Shore Capital Research, LLC and Adjunct Professor at DePaul University who was elected to a three year term. Brad Janitz, Vice-President of Midland IRA, longtime service-provider member and supporter of NIBA, was appointed to a three-year term of office. Officers for the coming year are: Chairman of the Board:       Melinda Schramm, MHS Capital Resource, Inc. President:                              Mike Burke, Highground Trading VP/Secretary:                       Ryan Griffeth, Postrock Brokerage Treasurer:                             Mike Coglianese, Michael Coglianese, CPA Past President:                     Steve Petillo, Nevermore Alternatives Huge thanks to our retiring board members - John Jensen, Heritage West Financial; William Gallwas, Striker Securities; and, Ralph Preston, also of Heritage West Financial. Their expertise, wise counsel and love of the industry has helped to create a strong, respected NIBA. Best wishes for a happy, healthy holiday and a prosperous 2018. Melinda Schramm Founder & Chairman melinda@futuresrep.com

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