August 14, 2015

CFTC Commissioner Mark P. Wetjen Announces his Resignation

Washington, DC — Today, Commissioner Mark P. Wetjen announced his resignation from the U.S. Commodity Futures Trading Commission, effective August 28, 2015. Mr. Wetjen was unanimously confirmed by the Senate in October 2011 and served as Acting Chairman of the Commission from January 2014 to June 2014.

“Today, I informed President Obama of my intention to resign as a CFTC Commissioner later this month. It has been an honor to serve as both Commissioner and Acting Chairman of the CFTC. I am grateful for the opportunity to have served alongside my fellow Commissioners and Chairmen Gensler and Massad, and I thank them for their dedication, professionalism, and collegiality. I also commend the talented and hardworking Commission staff and am confident the Commission will continue to ensure the derivatives markets remain open, transparent, competitive, and financially sound.”

During his tenure as Commissioner, Mr. Wetjen helped implement the Dodd-Frank Act, supporting and helping craft over ninety CFTC actions. Additionally, during his chairmanship, Mr. Wetjen oversaw the implementation of the first trading mandate for certain interest rate and credit default swaps. Mr. Wetjen has no announced plans.

Last Updated: August 14, 2015