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New SEC Chair Confirmed

Posted on May 5, 2017 by Editor

Jay Clayton

The U.S. Senate voted on Tuesday to confirm attorney Jay Clayton to head the Securities and Exchange Commission (SEC). Mr Clayton has a long career as a Wall Street attorney, including as a Partner in the prominent law firm Sullivan & Cromwell. At his confirmation hearing Mr Clayton indicated that his work would include a focus on ways to enhance capital formation in that market. The new Chairman will be obliged to recuse himself from SEC investigations into a number of high profile financial firms, having previously served them in an advisory capacity. Read more here.

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