National Post (National Edition)
CLAYTON STEPS DOWN AS SEC CHAIRMAN
U.S. Securities and Exchange Commission Chairman Jay Clayton announced that Wednesday was his last day leading Wall Street's top regulator. Clayton, in a statement posted on the agency's website, said he submitted a letter to President Donald Trump informing him of his decision to leave the SEC Wednesday. While President-elect Joe Biden will pick a permanent successor to Clayton,
Trump will likely install either Hester Peirce or Elad Roisman — the SEC's Republican commissioners — as acting chairman. Clayton had previously announced that he planned to step down by the end of the year. “It has been the honor and privilege of my professional life to serve the American people,” Clayton wrote in his farewell letter.