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)

Photo by: Evan Vucci

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)