CFTC To Get Acting Chairman After Gensler Leaves

Dec 17 2013 | 10:55am 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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

Analyzing The Digital Footprint: What Operational Data Can Tell You About Future Risk

Mar 30 2017 | 3:38pm ET

Advances in technology and increasing operational complexity in search of higher...

 

From the current issue of