It’s official – we did it! I have been elected as the Independent Introducing Broker representative on the NFA Board of Directors, and wanted to take a moment to thank everyone for standing by us in the NFA election. Your hard work and support have paid off!

It’s no secret that we’ve faced difficult times in the futures industry. Investor confidence has been shaken, and with good reason. Over the coming months, I intend to work with the other board members to put forth reforms to protect futures customer funds, improve the transparency and accountability of the organization, and enhance the technological capabilities of our regulators. While these victories will not be easily achieved, and I am only one person, I feel good knowing there are other board members fighting for the same things. I will be joining advocates Doug Bry and Ernest Jaffarian on the Board, along with newly-elected CCC founders John Roe and James Koutoulas. Together, I know we can start making a difference.

For fellow IBs who agree that customer protections are just the first step in the change needed at NFA, Attain will be working to launch a website in the next several weeks to host and organize suggestions and concerns from the introducing broker community in order to bring them before the NFA’s Board of Directors. We will post the link as soon as it becomes available, and I urge you to take advantage of it. After all, what better way to represent a community than to get their direct feedback on what needs doing?

Thank you again for your support. I’m hopeful that together, we can move the futures industry to a better place for the investors, and the brokers who support them.

Jeff Malec
CEO, Attain Capital Management