President-Elect Trump Chooses Jay Clayton To Serve As Chairman Of The Securities And Exchange Commission (SEC)
President-elect Donald Trump announced today that he will nominate Jay Clayton as Chairman of the Securities and Exchange Commission (SEC).
“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 time,” President-elect Trump said in a statement. “We need to undo many regulations which have stifled investment in American businesses, and restore oversight of the financial industry in a way that does not harm American workers.”
Clayton is an attorney with Sullivan and Cromwell, LLP, and an adjunct professor at the University of Pennsylvania School of Law, his alma mater.
In addition, he earned two bachelor’s degrees: one in engineering from the University of Pennsylvania and one in economics from the University of Cambridge.
“I want to thank President-elect Trump for the opportunity to serve as SEC Chairman,” Jay Clayton said in a statement. “If confirmed, we are going to work together with key stakeholders in the financial system to make sure we provide investors and our companies with the confidence to invest together in America. We will carefully monitor our financial sector, as we set policy that encourages American companies to do what they do best: create jobs.”
(Photo Courtesy of Sullivan and Cromwell LLP)