Wall Street lawyer Jay Clayton emerges as Trump’s top SEC choice
Exclusive: Wall Street lawyer Jay Clayton emerges as Trump’s top SEC choice
| BOSTON/WASHINGTON
Wall Street lawyer Jay Clayton, who has worked on high-profile initial public offerings such as Alibaba Group, is a leading candidate to head the U.S. Securities and Exchange Commission in the Trump administration, two sources familiar with the matter said on Tuesday.
Clayton is a partner at Sullivan & Cromwell who specializes in public and private mergers and offerings, an area that requires expertise on complex securities regulations and corporate governance.
Clayton was not available to comment.
He met with President-elect Donald Trump on Dec. 22 and appears to have overtaken a former U.S. Attorney, Debra Wong Yang, whose name had been floated as a top candidate in early December.
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