The Senate on Tuesday confirmed the nomination of Jay Clayton, a Wall Street lawyer with decades of experience helping companies to weather regulatory scrutiny, to lead the Securities and Exchange Commission.
As chairman of the SEC, Clayton will police many of the same large banks that he has spent decades representing, including Goldman Sachs and Barclays. He also would play a key role in President Trump’s efforts to roll back the 2010 financial reform legislation known as the Dodd-Frank Act.
He was approved by the Senate along largely partisan lines, 61 to 37.
‘Enforcement 40’ for 2020
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