Gary Gensler
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Team Biden's SEC Chairman Gary Gensler Red Tape for Stock Traders Illustration by Greg Groesch/The Washington Times

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President Barack Obama, flanked by outgoing Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler, left, and his nominee to become CFTC Chairman Timothy Massad, makes the announcement, Tuesday, Nov. 12, 2013, in the State Dining Room of the White House in Washington. (AP Photo/ Evan Vucci)

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**FILE** Commodity Futures Trading Commission Chairman Gary Gensler testifies on Capitol Hill in Washington before the Senate Banking Committee on July 30, 2013, as lawmakers examine how to mitigate systemic risk in financial markets through Wall Street reforms. (Associated Press)

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President-elect Barack Obama (right) announces Federal Reserve Board Governor-designate Daniel Tarullo (center) and Commodities Futures Trading Commission Chairman-designate Gary Gensler in Chicago on Thursday, Dec. 18, 2008. (AP Photo/Lawrence Jackson)