Mike Rothman is the Commissioner of the Minnesota Department of Commerce (Department). He was appointed by Governor Mark Dayton in January 2011.
As Commissioner, Rothman oversees the Department’s broad jurisdiction of more than 20 regulated industries. Rothman’s top priorities include consumer protection, a clean energy future, and strong financial and energy sectors for Minnesota’s economy.
The Department regulates Minnesota’s insurance industry, financial institutions, securities and real estate sector. It also has a major role in overseeing the electric, natural gas and telephone sectors, energy conservation and efficiency, and administering low-income energy programs. Additionally, the Department regulates the accuracy of scales and pumps used for fuel and goods transactions in Minnesota’s economy.
Rothman currently serves as president of the North American Securities Administrators Association (NASAA). He also is Chair of the Multi-Jurisdictional Committee, Vice Chair of the Cybersecurity Committee, and a member of both the Senior Issues/Diminished Capacity and Capital Formation Committees.
He also is active in the National Association of Insurance Commissioners (NAIC), serving as Chair of the Senior Issues Task Force, Vice Chair of the Health Insurance and Managed Care (B) Committee, and member of various committees. He previously served on the NAIC Executive Committee (2014–2015) and chaired the Midwest Zone (2015).
Rothman is a member of the Financial and Banking Information Infrastructure Committee (FBIIC), which is chartered under the President’s Working Group on Financial Markets. This committee coordinates federal and state regulatory efforts to improve the reliability and security of the financial sector infrastructure. He also has been nominated by President Obama to serve on the Board of the newly-created National Association of Registered Agents and Brokers (NARAB), which will oversee a national licensing system for insurance agents and brokers.
Rothman has been recognized for his focus on building financial capability in Minnesotans from kindergarten to retirement. He received the 2014 Desjardins Financial Education Award for State Government Policymakers from the Credit Union National Association (CUNA) and the 2014 Champions of Retirement Security Award from the Insured Retirement Institute (IRI).
Commissioner Rothman graduated with honors from Carleton College and the University of Minnesota Law School, later teaching there as an adjunct professor. He began his career clerking for the Minnesota Court of Appeals, worked for the State Senate, and practiced law in Minnesota and California— most recently as a partner with Winthrop & Weinstine.