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

Mark P. Wetjen is a commissioner with the Commodity Futures Trading Commission (CFTC). He became acting chairman upon the end of Chairman Gary Gensler’s service in January 2014. [1] He will remain acting chairman until the Senate confirmation of Timothy Massad, who was nominated as chairman in November 2013.

He was nominated as a commissioner in July 2011, and approved in October 2011, for a term ending on June 19, 2016.[2] He was sworn in as a commissioner on October 26, 2011, replacing the retiring Mike Dunn.[3]

Upon Wetjen's confirmation in 2011, the Futures Industry Association (FIA) released a statement, saying that Wetjen's "commitment to a careful, measured and thoughtful process for consideration of regulatory matters is one that we can all endorse."[4]

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.[5][6]

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