Jay Clayton, a New York-based partner specializing in public and
private mergers and offerings, will become chairman of the SEC in
the Trump administration. Clayton, who has represented various Wall
Street firms and worked on high-profile IPOs including Alibaba
Group, met with Trump on Dec. 22 and overtook former U.S. Attorney
Debra Wong Yang as a potential candidate. The selection signals that the agency will try to reduce
regulations that critics see as burdensome or hindering corporate
growth.
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