- Transition « Building
the New Administration « Press Release from Trump for
America, Inc.
For Immediate Release
January 4, 2017
President-Elect Donald J. Trump Nominates Jay Clayton Chairman of the SEC
(New
York,
NY) – President-elect Donald J. Trump today announced he intends
to nominate Jay Clayton Chairman of the Securities and Exchange
Commission (SEC).
Clayton is currently a partner with Sullivan & Cromwell LLP and
brings decades of experience helping companies navigate complex federal
regulations to the position. Clayton will play an important role
in
unleashing the job-creating power of our economy by encouraging
investment in American companies while providing strong oversight of
Wall Street and related industries. Robust accountability will be a
hallmark of his tenure atop the SEC, and the financial security of the
American people will be his top priority.
“Jay Clayton is a highly talented expert on many aspects of
financial
and regulatory law, and he will ensure our financial institutions can
thrive and create jobs while playing by the rules at the same time,"
said President-elect Trump. "We need to undo many regulations which
have stifled investment in American businesses, and restore oversight
of the financial industry in a way that does not harm
American workers.”
“I want to thank President-elect Trump for the opportunity to serve as
SEC Chairman,” said Jay Clayton. “If confirmed, we are going to work
together with key stakeholders in the financial system to make sure we
provide investors and our companies with the confidence to invest
together in America. We will carefully monitor our financial sector, as
we set policy that encourages American companies to do what they do
best: create jobs.”
Clayton has had a long and distinguished career advising on public and
private mergers and acquisitions transactions, capital markets
offerings, regulatory and enforcement proceedings, and other matters.
In addition to numerous awards recognizing him as one of the top
corporate lawyers in America, Clayton has also authored multiple
publications on regulatory law, and has been an adjunct professor at
the University of Pennsylvania School of Law. Clayton received a B.S.
in engineering from the University of Pennsylvania in 1988 and a B.A.
in economics from the University of Cambridge in 1990. He received his
J.D. from the University of Pennsylvania School of Law in 1993.