CLAYTON IS NEW SEC CHAIRMANBy
On May 4, 2017, Jay Clayton was sworn in as chairman of the U.S. Securities & Exchange Commission (SEC), replacing Acting Chairman Michael Piwowar. Nominated by President Donald Trump in January and confirmed by the U.S. Senate in May, Clayton has a wide-ranging background. He was a partner at Sullivan & Cromwell LLP, where for more than 20 years he advised both public and private companies about securities offerings, mergers and acquisitions, corporate governance, and regulatory and enforcement proceedings.
Clayton has counseled companies in various industries and advised market participants about raising capital and trading matters in the United States and abroad. He has authored publications on securities law, cybersecurity, and other regulatory issues and holds degrees in engineering, economics, and law. As an undergraduate at the University of Pennsylvania, he received the Thouron Award for postgraduate study in the United Kingdom, where he earned an undergraduate degree and a master’s degree in economics from the University of Cambridge.
Clayton said, “I look forward to working with my fellow commissioners and the talented SEC staff to ensure that our markets remain the safest and most vibrant markets in the world.”
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