CFTC Commissioner Wetjen Resigns
Wetjen's resignation becomes effective August 28.
Wetjen was unanimously confirmed by the Senate in October 2011 and was acting chairman from January 2014 to June 2014. During his time with the CFTC, Wetjen helped to implement the Dodd-Frank Act, supported and helped craft 90 CFTC actions and oversaw the implementation of the first trading mandate for certain interest rate and credit default swaps.
At this time, Wetjen has no announced plans for where he will go.
"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," said Wetjen in a statement. "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."
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