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Donald Trump will nominate Jay Clayton, a Wall Street lawyer, to head the Securities and Exchange Commission according to transition sources.
The lawyer, a partner at Sullivan and Cromwell, has represented a number of Wall Street giants.
According to Clayton’s biography on Sullivan and Cromwell’s website he represented a number of banks during the financial crisis Barclays during its purchase of Lehman Brothers, Bear Stearns in its sale of itself to JPMorgan, and Goldman Sachs during its investment from Warren Buffett and the US TARP program.
More to come…