One year ago this month, Jay Clayton took charge as chairman of the Securities and Exchange Commission. We’ve since learned lot about his overall philosophy in guiding the Commission, notably his desire to improve the vehicles of capital formation and, metaphorically, defibrillate the flatlining marketplace for initial public offerings.
Armed with a full slate of commissioners—at least, that is, until Commissioner Michael Piwowar departs this summer—we are learning more about his, and the Commission’s, views on enforcement.
