Friday, October 21, 2011

Mike Dunn Out as CFTC Commissioner, Replaced by Mark Wetjen

Just 3 days after his deciding vote implementing position limits in commodities, CFTC Commissioner Mike Dunn is out, replaced with Mark Wetjen.
Wetjen assisted Chairman Gary Gensler in writing the commodities portion of the Frank-Dodd act and assisted in obtaining Senate approval. 

Statement of Chairman Gary Gensler on Mark Wetjen’s Confirmation as CFTC Commissioner

October 21, 2011
Washington, DC – Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler today congratulated Mark Wetjen on his unanimous Senate confirmation to be a CFTC commissioner.
“Working as a senior advisor for Majority Leader Harry Reid for many years, Mark was the Majority Leader’s point person in bringing the Dodd-Frank Act through the Senate. His experience and dedication to public service will be valuable to the Commission as we continue to finalize the critical reforms to bring transparency to markets and to lower risk. I look forward to working with him.
“I also want to thank Commissioner Mike Dunn, who has served the Federal Government for more than 25 years, including six years as a CFTC commissioner and Acting Chairman. He has been confirmed by the Senate an astonishing six times. Mike is a trusted colleague who works incredibly hard in service to the American public at the CFTC. He has helped frame and improve all of the rules that the Commission proposed to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act. He is a trusted friend and an honorable public servant.
Last Updated: October 21, 2011