WASHINGTON: President-elect Donald Trump said on Wednesday he intends to nominate Jay Clayton, a partner with law firm Sullivan & Cromwell LLP, as chairman of the Securities and Exchange Commission.
"Jay 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," Trump in a statement.
"We need to undo many regulations which have stifled investment in American businesses, and restore oversight of the financial industry in a way that does not harm American workers."
-
Hilarie Burton reveals Valentine's Day plans with Jeffrey Dean Morgan -
Jacob Elordi, Margot Robbie on 'devastating' scene in 'Wuthering Heights' -
China to implement zero tariffs on African imports in major trade shift -
Jack Thorne explains hidden similarities between 'Lord of the Flies' and 'Adolescence' -
Elon Musk vs Reid Hoffman: Epstein files fuel public spat between tech billionaires -
New Zealand flood crisis: State of emergency declared as North Island braces for more storms -
Nancy Guthrie case: Mystery deepens as unknown DNA found at property -
James Van Der Beek's final conversation with director Roger Avary laid bare: 'We cried'