Dan Roth to retire from NFA

May 23, 2016 01:00 PM

The National Futures Association (NFA) announced today that President and CEO Daniel Roth plans to retire in the coming year. NFA's Board of Directors has authorized the formation of a committee to conduct a search for his successor including both internal and external candidates.

Roth, who has been President and CEO of NFA since January 2003, joined NFA in September 1983 as an attorney and has held a number of positions including General Counsel, Executive Vice President and Chief Operating Officer.

Roth led efforts to improve the way the NFA monitored customer segregated funds following the twin debacles of MF Global and Peregrine Financial.

"I'm proud of all that NFA has achieved during my time as CEO," said Mr. Roth in an NFA release. "NFA is well-positioned to fulfill its expanding regulatory responsibilities in the coming years. I've been honored to spend more than 30 years working with a talented and diverse group of professionals who are dedicated to safeguarding market integrity."

“Dan has been central to the growth and success of NFA," says Michael Dawley, NFA's Board Chairman. "Identifying a strong successor who will continue our mission is one of the highest priorities of the NFA Board over the coming months. As part of our succession planning process, the Board has named a search committee made up of existing Board members and other individuals with knowledge of our markets and NFA's important regulatory role. The committee looks forward to the search process and to working closely with Dan on this important transition.”

Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad released the following statement: “It has been a privilege to work closely with Dan Roth throughout my time as Chairman of the CFTC. We have forged an excellent relationship over the past two years, one which I have very much enjoyed,”

He added, “The NFA plays an important role in the markets that the CFTC regulates, and Dan’s knowledge, experience, and commitment to collaboration have been of tremendous value to our work and to me personally. I look forward to continuing to work together as the NFA searches for his replacement over the coming months. I congratulate Dan on his record of accomplishment, I thank him for his friendship and I wish him the best of luck in all his future endeavors.”

NFA is the industrywide, self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps). For more than 30 years, NFA has developed and enforced rules and programs to safeguard market integrity, protect investors and ensure Members meet their regulatory responsibilities. NFA's membership currently numbers nearly 4,000 Members and more than 54,000 associates. 

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