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The Senate on Tuesday confirmed Jay Clayton to be chairman of the SEC, infusing the stock market regulator with new leadership that will likely back away from strict enforcement on Wall Street. In a 61-37 vote, eight Senate Democrats and independent Angus King of Maine joined with Republicans to confirm Clayton, despite Sen. Elizabeth Warren’s […]
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 […]
When Mary Jo White was the leader of the U.S. Securities and Exchange Commission less than a year ago, her phone calls had the power to start a corporate crisis. Now White is being branded as the first person for a CEO to ring when chaos strikes. Debevoise & Plimpton, the firm White returned to […]
President Trump’s nominee for chairman of the Securities and Exchange Commission will get a confirmation vote Monday afternoon, Senate Majority Leader Mitch McConnell announced on the Senate floor Friday. Jay Clayton, a Wall Street lawyer, would be the first top independent financial regulator confirmed under Trump. via Trump SEC nominee to get confirmation vote Monday — […]
A Senate panel has cleared the nomination of Jay Clayton, the Wall Street attorney chosen by President Donald Trump to lead the Securities and Exchange Commission. The vote was 15-8 Tuesday by the Senate Banking Committee, as three Democrats joined the panel’s Republicans in approving Clayton. The confirmation of Clayton to head the independent agency […]
The plain truth is that barring some unforeseen disaster, the Senate will confirm Clayton as SEC chair soon. Compliance professionals wondering what the future may bring should start looking ahead, to whomever Clayton might name to run the Divisions of Enforcement and Corporation Finance, and the Office of the Chief Accountant. Those three people will […]
President Trump’s pick to lead the Securities and Exchange Commission said that he has no specific plans to dismantle regulations implemented under the Dodd-Frank Act, but that the new administration wants to examine whether the 2010 law is stifling growth. ‘‘Dodd-Frank should be looked at, in particular rules that have been in place as to […]
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 […]
President Donald Trump’s pick to chair the Securities and Exchange Commission, Jay Clayton, passed a key hurdle toward his confirmation after a government ethics watchdog gave him a clearance, a person familiar with the matter said on Friday. The U.S. Office of Government Ethics had examined Clayton’s financial disclosure forms for possible conflict of interest. […]
Waddell: Do you think Jay Clayton, selected by President Donald Trump to be next SEC chair, is a good choice? White: I know him some from New York. […] I’ve met with him, I think he’s very impressive, he’s smart, he’s principled, he’s a really nice guy. I think he’ll be a really strong leader. […]