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National Introducing Brokers Association

Phone: (312) 977-0598 55 W. Monroe Street  Suite 3600, Chicago, IL 60603 http://www.theniba.com


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Description

National Introducing Brokers Association (NIBA) -- Dedicated to assisting Introducing Brokers and Commodity Trading Advisors

NIBA was established as a not-for-profit association in 1991. Before NIBA existed, Introducing Brokers (IBs) and Commodity Trading Advisors (CTAs) had no central organization to ensure that they were represented within the industry. Now, through the efforts of dedicated members and volunteers, NIBA has continued to grow in both size and influence and is well respected throughout the markets.

NIBA's goals and objectives rely on the unifying constant of communication. As the only official association representing IBs and CTAs it is our purpose to ensure open channels of communication among individual members and between IBs, CTAs, FCMs and industry regulators. Through these channels, our members learn, network, do business and find greater opportunities, both personally and professionally.

CHAIRMAN & FOUNDER:

Ms. Melinda Schramm

BOARD of DIRECTORS:

PRESIDENT:

Mr. Steve Petillo, Coquest, Inc.

VICE PRESIDENTS:

Mr. Mike Burke, HighGround Trading LLC

Mr. Shane Stiles, Gate 39 Media

TREASURER:

Mr. Mike Coglianese, Michael Coglianese, CPA, PC

SECRETARY:

Mr. Ryan Griffeth, PostRock Brokerage

PAST PRESIDENT:

Mr. John Jensen, Heritage West Financial


BBB Accreditation

This business is not BBB accredited.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.


Reason for Rating

BBB rating is based on 13 factors. Get the details about the factors considered.

Factors that raised the rating for National Introducing Brokers Association include:

  • Length of time business has been operating
  • No complaints filed with BBB


Customer Complaints Summary

0 complaints closed with BBB in last 3 years | 0 closed in last 12 months
Complaint Type Total Closed Complaints
Advertising/Sales Issues 0
Billing/Collection Issues 0
Delivery Issues 0
Guarantee/Warranty Issues 0
Problems with Product/Service 0
Total Closed Complaints 0

Customer Reviews Summary Read customer reviews

0 Customer Reviews on National Introducing Brokers Association
Customer Experience Total Customer Reviews
Positive Experience 0
Neutral Experience 0
Negative Experience 0
Total Customer Reviews 0

Additional Information

BBB file opened: July 24, 2012 Business started: 08/05/1991 Business started locally: 08/05/1991 Business incorporated 08/05/1991 in IL
Type of Entity

Corporation

Business Management
Ms. Melinda Schramm, Executive Director
Contact Information
Principal: Ms. Melinda Schramm, Executive Director
Business Category

Professional Organizations Commodity Brokers Futures Commission Merchant Commodity Trading Advisory Service Investment Securities Financial Services Seperately Managed Account Services Managed Futures Accounts Investment Seminars Professional Organizations (NAICS: 813920)

X

BBB Customer Review Rating plus BBB Rating Overview


BBB Customer Reviews Rating represents the customers opinions of the business. The Customer Review Rating is based on the number of positive, neutral and negative customer reviews posted that are calculated to produce a score.

Customer Review Experience Value
Positive Review 5 points per review
Neutral Review 3 points per review
Negative Review 1 point per review

BBB letter grades represent the BBB's opinion of the business. The BBB grade is based on BBB file information about the business. In some cases, a business' grade may be lowered if the BBB does not have sufficient information about the business despite BBB requests for that information from the business.
Details

BBB Letter Grade Scale

BBB Rating Value
A+ 5
A 4.66
A- 4.33
B+ 4
B 3.66
B- 3.33
C+ 3
C 2.66
C- 2.33
D+ 2
D 1.66
D- 1.33
F 1
NR -----
Star Rating scale

  Average Score
5 stars 5.00
4.5 stars 4.50-4.99
4 stars 4.00-4.49
3.5 stars 3.50-3.99
3 stars 3.00-3.49
2.5 stars 2.50-2.99
2 stars 2.00-2.49
1.5 stars 1.50-1.99
1 star 0-1.49

BBB Customer Review Rating plus BBB Rating is not a guarantee of a business' reliability or performance, and BBB recommends that consumers consider a business' BBB Rating and Customer Review Rating in addition to all other available information about the business. If the BBB Rating is NR then only Customer Reviews are used for the Star Rating.