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Clayton confirmed as SEC chairman

Joe Mont | May 3, 2017

The Securities and Exchange Commission has a new chairman.

After months of debate and hearings, on May 2 the Senate Confirmed President Donald J. Trump’s nomination of Jay Clayton to serve as chairman of te Securities and Exchange Commission, fillinhg the seat vacated by Obama Administration chair Mary Jo White.

The final vote to approve Clayton was 61 to 37.

Clayton was previously a partner with the law firm Sullivan & Cromwell and, by many accounts, is a master of corporate deal making with a long and distinguished career advising on public and private mergers and acquisitions transactions, capital markets offerings, and regulatory and enforcement proceedings.

“Mr. Clayton is a highly regarded and exceptionally qualified candidate to lead the SEC. His comments, experience, and actions provide me with the utmost confidence that he will lead the SEC with the highest integrity and effectiveness, while ensuring the United State’s markets remain the... To get the full story, subscribe now.