Jan 5, 2017
Trump picks a Wall Street lawyer to head the SEC
Jay Clayton could be instrumental in undoing Dodd-Frank.
President-elect Donald Trump waves to the crowd while being introduced to speak to supporters at the Giant Center, December 15, 2016 in Hershey, Pennsylvania.
Mark Wilson/Getty Images
This final note before we go.
President-Elect Trump has chosen Jay Clayton to head the Securities and Exchange commission.
He’s a lawyer who has represented many big banks on Wall Street, including Goldman Sachs and Barclays. The SEC’s purview includes enforcing rules for securities firms, and may play a role in Trump’s stated plan to dismantle the Dodd-Frank financial regulatory law put into place after the 2008 financial crisis.
The Trump team put out a statement today saying they want to, “undo many regulations which have stifled investment in American businesses.”
To find out more about Trump’s staff, click the banner below.
