Articles of Incorporation amended to “provide NFA with additional flexibility regarding FCM representation” on its Board

Effective May 18, the NFA’s Articles of Incorporation will mandate that the FCM Nominating Committee fill the NFA’s eight FCM dedicated Board seats by drawing two representatives from top ten ranked FCMs, two from non-top ten FCMS, and four at large. Previously, four were drawn from among the top ten FCMs and four from non-top ten FCMs. FCM Ranking is by the total amount of segregated funds and secured amounts held. The committee will begin its first round of nominations under the new rules in the fall of 2009.

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