Senate confirms Wall St. attorney Clayton to head SEC
WASHINGTON — The Senate has confirmed Jay Clayton, the Wall Street attorney chosen by President Donald Trump to lead the Securities and Exchange Commission. The vote was 61-37 on Tuesday. Clayton will head the independent agency that oversees Wall Street and the financial markets. Clayton, a partner in the prominent law firm Sullivan & Cromwell, has done significant legal work for Wall Street powerhouse Goldman Sachs and an array of other financial giants and corporations.
As SEC chairman, Clayton would be responsible for protecting investors from misconduct on Wall Street. He would oversee the enforcement of rules written by the SEC under the law that reshaped the regulation of banks and Wall Street after the 2008 financial crisis and the Great Recession.