SEC’s Clayton plans to step down as chairman at year’s end

November 17, 2020 by Ben Bain

Jay Clayton, who has led the SEC for most of President Trump’s term in office, said in a statement Monday that he will step down at the end of the year.

Clayton, a 54-year-old former deals lawyer who left New York-based Sullivan & Cromwell to join Wall Street’s main regulator, avoided the scandals that embroiled other Trump appointees and the political turmoil that engulfed previous SEC chairmen.

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Originally Posted at Financial Planning on November 16, 2020 by Ben Bain.