National Post (National Edition)

CLAYTON STEPS DOWN AS SEC CHAIRMAN

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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.

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