Obama marks Senate aide Wetjen for CFTC commissioner

President Barack Obama said he will nominate Mark P. Wetjen, senior policy adviser to Senate Majority Leader Harry Reid since 2004, to become a member of the U.S. Commodity Futures Trading Commission.

Wetjen, whose nomination is subject to Senate confirmation, would replace Michael V. Dunn, a Democrat whose term expires June 19. The CFTC, which is writing derivatives regulations under the Dodd-Frank Act, currently has three Democrats including Chairman Gary Gensler and two Republican members.

Obama Nominates Senate Aide Wetjen as CFTC Commissioner

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