Mark P. Wetjen

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Mark P. Wetjen
MarkWetjen.jpg
Occupation Commissioner
Employer [[Commodity Futures Trading Commission (CFTC)]]
Location Washington, DC
LinkedIn Profile
Website www.cftc.gov
[[Category:Commodity Futures Trading Commission (CFTC) - Current Employees]]

[[Category:Commodity Futures Trading Commission (CFTC)]]

Mark P. Wetjen a commissioner with the Commodity Futures Trading Commission (CFTC). He will become acting chairman upon the end of Chairman Gary Gensler’s service.

His nomination was approved in October 2011 for a term ending on June 19, 2016.[1] He was sworn in as a commissioner on October 26, 2011, replacing Mike Dunn.[2]

The Futures Industry Association (FIA) released a statement about the confirmation, saying that Wetjen's "commitment to a careful, measured and thoughtful process for consideration of regulatory matters is one that we can all endorse."[3]

Background

In May 2011, President Barack Obama nominated Wetjen to replace CFTC Commissioner Michael Dunn, who had served in the position since December of 2004.[4][5]

Wetjen was formerly a top aide to Senate Majority Leader Harry Reid (D., Nev.), beginning in 2004. Before that, he worked for Lionel Sawyer & Collins and specialized in regulatory issues affecting financial institutions. Early in his career, Wetjen focused on municipal finance transactions for the law firm Sherman & Howard.

He is also known for his work on the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which gave the CFTC new authority to oversee the over-the-counter derivatives market.

Education

  • J.D. (with distinction), University of Iowa College of Law (1996 – 1999)
  • B.A. (summa cum laude), Liberal Arts, Creighton University (1992 – 1996)

References

  1. Senate confirms Mark Wetjen as new CFTC commissioner. Futures Magazine.
  2. Wetjen Formally Joins CFTC to Complete Dodd-Frank Swaps Rules. Bloomberg.
  3. Senate Confirms Mark Wetjen as CFTC Commissioner (Oct. 21, 2011). FIA.
  4. Presidential Nominations Sent to the Senate, 5/12/2011. White House.
  5. President Obama Nominates Mark P. Wetjen to CFTC. American Banker.