Dec 23

Futures group board members file election complaint with CFTC

Crain’s Chicago Business

Two board members of the National Futures Association filed a complaint with the Commodity Futures Trading Commission alleging that the organization skirted its own rules in selecting candidates for the board and then falsified its records….

The dispute revolves around details of the nomination process for the NFA’s public representatives, who aren’t members of the industry. But Koutoulas and Roe maintain there are broader questions of professional conduct by NFA staff at issue, as well as the organization’s lack of transparency.