(Bloomberg) President-elect Donald Trump will pick Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator.
Trump’s transition team issued a statement Wednesday saying he intends to nominate Clayton. If confirmed by the Senate, Clayton will play a key role in helping create U.S. jobs, while providing “strong oversight” of the financial industry, according to the statement.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access