CFTC Commissioner Wetjen plans to resign

By Sara Wyant

© Copyright Agri-Pulse Communications, Inc.



WASHINGTON, August 14, 2014 - Commodity Futures Trading Commissioner (CFTC) Mark Wetjen announced his resignation today, saying he plans to step down August 28, 2015.

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A former aide to Senate Democratic leader Harry Reid, Wetjen was unanimously confirmed by the Senate in October 2011 and served as acting chairman of the commission from January 2014 to June 2014. During his tenure, he played a key role in implementing the Dodd-Frank Act, helping craft over ninety CFTC actions.

According to a statement released by the CFTC, he has not announced his future plans.

CFTC Chairman Tim Massad thanked Wetjen for his service and noted that, “when Mark arrived, the commission was just beginning the task of implementing the Congressional mandate to regulate the swaps market. Today, thanks to Mark's help, the Commission has a framework in place to make the swaps market more open, transparent and competitive.”

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