Trump to nominate Clayton as SEC chairman

President-elect Donald J. Trump today said he is planning to nominate Jay Clayton Chairman of the Securities and Exchange Commission (SEC).

Clayton is currently a partner at Sullivan & Cromwell LLP and brings decades of experience helping companies navigate complex federal regulations to the position.

“Clayton will play an important role in unleashing the job-creating power of our economy by encouraging investment in American companies while providing strong oversight of Wall Street and related industries,” the Trump transition team said in a news release. “Robust accountability will be a hallmark of his tenure atop the SEC, and the financial security of the American people will be his top priority.”