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President-elect Trump picks his SEC chairman

Joe Mont | January 4, 2017

The Securities and Exchange Commission is one step closer to having a new Chairman.

On Wednesday morning, President-elect Donald Trump today announced the nomination of Jay Clayton to replace current Chairman Mary Jo White at the conclusion of her term.

Clayton is currently a partner with Sullivan & Cromwell. His nomination is subject to Senate confirmation.

“Clayton will play an important role in unleashing the job-creating power of our economy by encouraging investment in American companies while providing strong oversight of Wall Street and related industries,” a statement from the Administration says. “Robust accountability will be a hallmark of his tenure atop the SEC, and the financial security of the American people will be his top priority.”

 “Jay Clayton is a highly talented expert on many aspects of financial and regulatory law, and he will ensure our financial institutions can thrive and create jobs while playing by the rules at the same...

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