SPEECHES & TESTIMONY

Statement of Chairman Timothy G. Massad on the Resignation of Commissioner Mark P. Wetjen

August 14, 2015

Washington, DC — Commodity Futures Trading Commission Chairman Tim Massad today made the following statement on the resignation of CFTC Commissioner Mark P. Wetjen:

“I thank Mark Wetjen for his service to our nation and for the outstanding contribution he has made to the CFTC. When Mark arrived, the commission was just beginning the task of implementing the Congressional mandate to regulate the swaps market. Today, thanks to Mark's help, the Commission has a framework in place to make the swaps market more open, transparent and competitive. Mark has consistently provided a thoughtful, informed perspective on the issues facing the agency, and his dedication has been invaluable. On a personal note, I am grateful for the very constructive relationship we have, and in particular for the help and good counsel he has provided me as a result of having served as Acting Chairman before I was confirmed.

“I know I speak for all the commissioners and staff in saying we will miss Mark and we wish him and his family the best of luck in the future.”

Last Updated: August 14, 2015