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Wall Street attorney Jay Clayton nominated for SEC chairman

Discussion in 'Market News' started by Lily, Jan 4, 2017.

  1. Lily

    Lily Forum Member

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    If confirmed, Trump’s pick will head federal agency that regulates financial markets though Dodd-Frank law, which president-elect seeks to overhaul

    President-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission (SEC).

    Trump announced his nomination of Jay Clayton, a partner in the law firm Sullivan and Cromwell, as chairman of the independent agency that oversees Wall Street and the financial markets. If confirmed by the Senate, his responsibilities will include enforcing the scores of rules already written by the agency under the 2010 law that reshaped financial regulation after the 2008-09 crisis.

    Related: What will President Donald Trump do? Predicting his policy agenda

    Related: Trump's cabinet picks: here are all of the appointments so far

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