Trump’s pick for SEC chairman

President-elect Donald Trump nominated Wall Street attorney Jay Clayton to head up the U.S. Securities and Exchange Commission, the Trump transition team announced Wednesday.

Clayton, a partner at Sullivan & Cromwell law firm, is a noted specialist in public and private mergers and offerings.

Citing his campaign pledge to reduce federal regulations, Trump said 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.”

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