CFTC To Get Acting Chairman After Gensler Leaves

Dec 17 2013 | 11:55am ET

Mark Wetjen will take over from Commodity Futures Trading Commission Chairman Gary Gensler when Gensler steps down in the coming weeks, the regulator said yesterday.

Wetjen, who joined the CFTC in 2011, will serve as acting chairman until Timothy Massad, a former Treasury Department official, is confirmed as Gensler's permanent successor. It is unclear when the U.S. Senate will act on that nomination.

Gensler must leave office by Jan. 3.

"Mark has worked tirelessly to bring swaps-market reform to life," Gensler said.

Prior to his nomination to the CFTC, Wetjen spent seven years working for the Senate, advising Senate Majority Leader Harry Reid (D-Nev.). At the CFTC, he has played a key role implementing the Dodd-Frank financial regulation reform law.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...