Trump nominates Jay Clayton to lead SEC

President-elect Donald Trump said on Wednesday he intends to nominate  Jay Clayton to run the Securities and Exchange Commission, potentially positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator, said a person with knowledge of the matter.
 

Clayton, who met with Trump last month, has represented Goldman Sachs Group Inc and investment firms ranging from Och-Ziff Capital Management Group LLC to Oaktree Capital Group LLC, according to Sullivan & Cromwell’s website. Much of his legal work has involved mergers and acquisitions, as well as representing firms facing US investigations.