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National Introducing Brokers Association

National Introducing Brokers Association

(312) 977-0598

National Introducing Brokers Association

25 years in business
55 W. Monroe Street
Suite 3600
Chicago, IL 60603
BBB File Opened: 07/24/2012
Business Started: 08/05/1991
Business Started Locally: 08/05/1991
Type of Entity
Business Management
  • Ms. Melinda Schramm, Executive Director
Business Category
  • Professional Organizations
  • Commodity Brokers
  • Commodity Trading Advisory Service
  • Investment Securities
  • Financial Services
  • Investment Management
  • Investment Seminars
  • NAICS: Professional Organizations

Number of Employees: 



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.


Ms. Melinda Schramm



Mr. Steve Petillo, Coquest, Inc.


Mr. Mike Burke, HighGround Trading LLC

Mr. Shane Stiles, Gate 39 Media


Mr. Mike Coglianese, Michael Coglianese, CPA, PC


Mr. Ryan Griffeth, PostRock Brokerage


Mr. John Jensen, Heritage West Financial

BBB Reason for Ratings

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

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BBB reports on known significant government actions involving the business's marketplace conduct.

BBB reports on a company that is out of business for three years from the date the company closes its doors or ceases to do business.

BBB reports on unauthorized use of the Better Business Bureau's name and/or logo for as long as the business continues to use it in any advertising, or for one year after the business ceases any repeated unauthorized uses.

BBB reports on a business’s bankruptcy as long as the business remains in bankruptcy.

BBB reports when mail sent to the business was returned by the Postal Service.

National Introducing Brokers Association


National Introducing Brokers Association

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