Trump Nominates Jay Clayton to Head SEC

By:
Chris Gaetano
Published Date:
Jan 4, 2017
SECURITIES-AND-EXCHANGE-COMMISSION-facebook

Donald Trump has nominated an attorney who specializes in public and private mergers and offerings, as well as advises high-net worth families, as the new chair of the Securities and Exchange Commission, according to CNBC. He has worked on high-profile IPOs, such as Chinese retailer Alibaba; Bloomberg said that he has also represented Goldman Sachs in connection with its $10 billion bailout from the federal government in 2008. CNBC said that all possible candidates, including Debra Wong Yang, a former U.S. Attorney for the Central District of California who had also been in the running for the job, had been interviewed by activist investor Carl Icahn. The current chair, Mary Jo White, is scheduled to leave the SEC once President Obama finishes his term. 

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