Dear Members -
Thank you to everyone who attended our April 18th Member Meeting in New York City. Over 130 IBs, CTAs, APs and FCMs attended the event which was held at the NYMEX Building.
During the meeting sessions we were reminded that June 2nd is the final date for general creditors to file claims in the MF Global bankruptcy. Some companies are buying brokers claims. During the Legal Update Session, we talked about the form the offers are taking and the specifics to look out for if you wish to sell your claim. Neal Stevens’ article in this month’s newsletter provides a short summary of that discussion.
We also discussed regulatory changes from the CFTC and NFA which are currently being made in response to the MFG debacle. As they begin to take effect, we will update you.
Each of the sessions included valuable ideas presented by experts in the industry. All the presenters are happy to continue the conversation and welcome your inquiries. Sponsorships make our Member Meetings possible by keeping down the Association’s costs and allowing members to attend free. Sponsors contacts for this program are included with this newsletter.
Registration for our Summer Meeting is open now. The meeting is scheduled for Thursday afternoon, June 21st at the Kansas City Board of Trade. NIBA members always attend free. I hope to see you there.
Warm regards,
Melinda
Melinda Schramm, Chairman
NIBA
A special thanks to our 2012 New York conference sponsors
