David Vogel was one of the many individuals who came to the forefront of the industry during the difficult years after the 1987 stock market crash and the FBI sting in 1989. His distinguished career in the futures industry includes senior management positions at LIT America, Thomson McKinnon Securities Inc., Smith Barney and most recently Citigroup. As the chairman of the FIA in 1990 and 1991, he plunged into the long and arduous political process surrounding the reauthorization of the Commodity Futures Trading Commission. Under his leadership, the FIA beat back a number of misguided legislative and regulatory proposals and succeeded in working out compromise positions that improved customer protection standards without adding a significant new burden on the industry. He also worked with exchanges to develop an industry position on audit trail and dual trading issues, played an active role in the negotiations among the New York exchanges on relocation and common clearing and helped get FCM representation in the Globex process.