Dear Members -
As 2012 draws to an end, most of us are still looking for answers to the confusing, disappointing, dangerous and just plain weird events of the past year.
Regulatory, legal and accounting issues which directly affect our businesses will all undergo significant changes in 2013 - some as a direct result of the MF Global and PFGBest failures. This issue of the NIBA newsletter includes information that we hope will help you prepare for a better year ahead.
In addition to the articles, NIBA is happy to announce a co-sponsored event in southern California with the CME Group and the National Futures Association. The focus of the event will be economic and regulatory outlooks for the coming year. The meeting will be held at Fleming’s Steakhouse in Newport Beach, CA on January 24, 2013 from 2-6pm. It is complimentary, but you must register to attend.
The following members were elected to the NIBA Board of Directors for 3-year terms beginning December 1, 2012:
- Buck Haworth, CEO, Born Capital Financial Services (IIB), Chicago, IL
- Rich Strait, Owner, Strait, LLC (IIB), Miami Beach, FL
- Mike Burke, CEO & Principal, HighGround Trading Group (IIB), Chicago, IL
- Rodney Dow, Owner, The Dow Corp (IIB), Garrison, NY
- Steve Petillo, Vice-President, Coquest (IIB), Chicago, IL
I want to call your attention to the article written by Bill Purpura about how he and other industry professionals located in New York City, New Jersey and other areas of the east coast were effected by Hurricane Sandy. The exchanges, as well as brokers and traders, proved to be ready for a physical emergency.
Thank you for your membership, your support and your friendship in 2012 and for the past 21 years at the NIBA. Here’s to 2013.
Best Regards,
Melinda