Scott Stewart, CEO, Stewart-Peterson Group, was recently elected to the NFA Board of Directors representing the Guaranteed Introducing Brokers category. Stewart-Peterson Group, is an GIB located in West Bend, WI and registered with the NFA since 1985. Scott is a long-time friend of the NIBA, having served as President of the Association for several years. We asked him to "introduce" himself to the NIBA Newsletter readership, and talk about some of the issues at NFA which he feels are important to the IB community.....
"I am honored to be on the NFA board of directors. For those of you who are not familiar with me, I founded and have owned Stewart-Peterson (an agriculture-focused GIB) for over 30 years and have been in the futures industry for nearly 40 years. My work within the industry includes being a charter member of the NIBA, where I served as board member and President. In addition, I have served on the Ag Advisory Board for the CBOT and CME, and have held several roles on NFA committees, including Chairperson for the NFA IB Advisory Committee. In all these roles, I have been diligent in working to promote the interest of IBs and to strengthen the integrity of the futures industry.
As an NFA board member, I will continue this diligence, working to keep new regulations to a minimum. Where new regulations are necessary, doing all we can as a board to insure they are impactful and not unnecessarily burdensome. Serving as chair of the IB Advisory Committee has provided valuable experience in this area.
Throughout my experiences on boards and committees, I have found the NFA to be very reasonable and forthright. And fortunately, with new administration in the CFTC, we are in a regulatory environment that is much more in tune with and friendly toward the futures industry. Clearly, both the CFTC and NFA want to provide regulation to the industry with a focus on maintaining a safe trading environment for all participants. I believe they are working to do this without burdensome or unnecessary regulations. I am honored with this opportunity to work with them to achieve these goals."
-Scott Stewart
