Chairman’s Letter – October 2018

In Latin, octo means eight. October, the eighth month of the year is recognized traditionally throughout the world as the gateway to winter. In the U.S., we celebrate National Pizza Month and, of course, Halloween. In early October, the Wall Street Journal reported that CFTC enforcement actions and fines are up in 2018, while SEC-related numbers decreased over the same period. After falling slightly in 2017, CFTC numbers have risen this year in part to issues surrounding cryptocurrency offerings and spoofing. Complaints also include various recordkeeping and position limit violations. NFA has called for nominations to its board of directors…...

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Chairman’s Letter – September

In the time of Charlemagne, September was “the harvest month.” In most of the modern world, September marks the start of the academic year. And here, in the U.S., we celebrate “Better Breakfast Month” and  National Bourbon and California Wine month. September brings NIBA’s Annual Membership Meeting. The meeting took place this year on Sept. 13 at the CME Group Building in Chicago. When it was time for the keynote speech, Rick Santelli, CNBC commentator rocked the house. Rick was more than informational — he is entertaining and very gracious. Thanks also to the CME Group for providing the facility…...

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Rick Santelli – Keynote Speaker | NIBA Sept 13th

NIBA is pleased to announce CNBCs Rick Santelli to give this year’s Keynote Address. Come hear Rick live and in person sharing his thoughts on the industry. “I believe there is only one regulation in life that works: failure.” – Rick Santelli Space is limited….reserve your spot while seats are still available. Rick Santelli joined CNBC as on-air editor in June 1999, reporting live from the floor of the Chicago Mercantile Exchange. His focus is primarily on interest rates, foreign exchange and the Federal Reserve. Santelli is a regular contributor to CNBC’s “Squawk on the Street ” (M-F, 9AM-11AM ET).…

NIBA Fall Chicago Conference

Registration is open and seats are filling up quickly.  The full agenda has been posted to the website.  This year’s theme is “Business Development in a Regulated Environment”  Please use the following link to secure your spot at this year’s conference: Conference Registration

Grow Your Business with Options – Sept 13th

Diversification is not just something we want our customers to utilize. Diversified revenue streams have become more and more important in the brokerage world. Options products offer a way to diversify your revenue stream and provide a new product to your customer base. Our panelists are experts in this area and will not only be discussing how and why you should be using options but also how to implement successfully within your business. Space is limited….reserve your spot while seats are still available. The experience and expertise of this panel is mind boggling and if you have thought about utilizing…

Title Connecting: Personal Branding & Networking Strategies NIBA Fall Conference – Sept 13th

Jessica Titlebaum Darmoni, Business Development and Marketing Expert & Founder of The Title Connections to speak @ NIBA Fall Conference. Jessica will share her experience and expertise in an area that is extremely important to all participants of the brokerage industry. Space is limited….reserve your spot while seats are still available. Jessica Titlebaum Darmoni has over 15 years of experience building relationships, networking and connecting the dots. Jessica was able to build an extensive network as co-Founder and President of Women in Listed Derivatives (WILD). As WILD’s President, Jessica led WILD’s parent Board in Chicago from 2009-2014 and established branches…

Thank You – DePaul University

Thank you to DePaul University for another hugely successful joint symposium. This marks the 5th year NIBA has partnered with DePaul University to present an afternoon of education and networking for our members — and another standing-room-only event. This year’s topics included blockchain, NFA-audit triggers, new AML requirements, implementation of GDPR and changes to cyber-security regulations. The highlight of the meeting was an intimate and very informative armchair chat featuring Leo Melamed, pioneer of financial futures and Chairman Emeritus of CME Group. Big thanks also to the Joint NIBA/DePaul Symposium Committee. The 2018 event committee included: – Tom Sandy, Chairman…...

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NIBA Chicago Conference – Sept 13th

Registration is now open for the upcoming NIBA Chicago Conference.  Please click here to register for this event.  The full agenda will be posted at the end of this week so be sure to check back for updates and announcements.  This will be a full day program followed by a cocktail networking reception. EVENT PAGE

CFTC Grants NIBA’s No-Action Request regarding certain FASB Changes

On August  13, the CFTC granted no-action and issued a no-action letter regarding certain FASB changes set to take effect as early as December 15, 2018 for certain IIBs, FCMs and other CFTC-registrants that are broker-dealers. The Lease Accounting Update as proposed would have resulted in a decrease in regulatory capital as compared to the current accounting treatment. NIBA submitted a request for no-action to the CFTC on this item in March. SIFMA and the FIA also submitted documentation. In support of our request, we noted that the Lease Accounting Update is purely a matter of accounting that does not…...

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IB Handbook

CME Group has posted the latest edition of The Complete IB Handbook on its website at cmegroup.com/ibhandbook, written by Melinda Schramm, Founder & Chairman of the NIBA. Melinda has written the definitive guide on how to become an Introducing Broker and the state of the IB community today. If you want to open your own shop, if you need an attorney or accountant or if you’re preparing for your first audit —  this is the book for you. Based, in large part, on the responses received as a result of the survey of the IB community conducted by Melinda and…...

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