Jay Clayton, President Donald Trump’s nominee to chair the U.S. Securities and Exchange Commission, plans to promise lawmakers at his confirmation hearing on Thursday not to shy away from going after fraudsters.
“I am 100 percent committed to rooting out any fraud and shady practices in our financial system,” said Clayton, according to excerpts of his prepared testimony seen by Reuters.
“I recognize that bad actors undermine the hard-earned confidence that is essential to the efficient operation of our capital markets. I pledge to you and the American people that I will show no favoritism to anyone,” he added.
‘Enforcement 40’ for 2020
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