New York, January 6 (RHC)-- Donald Trump has named Wall Street attorney Walter "Jay" Clayton to head the Securities and Exchange Commission. As a partner at the law firm Sullivan & Cromwell, Clayton gave legal advice to investment banks including Goldman Sachs, Barclays and Bear Stearns—whose collapse helped usher in the financial crisis of 2008.
In 2011, Clayton co-authored a report blasting the Barack Obama administration’s SEC over its enforcement of the Foreign Corrupt Practices Act, which bars corporate bribery.
Democratic Congressmember Maxine Waters, the ranking member of the House Financial Services Committee, said in a statement: "Jay Clayton is just the latest addition to the growing pool of Wall Street insiders that make up the Trump administration. As head of the SEC, Clayton will have the power to carry his pro-Wall Street agenda to the agency that is entrusted with regulating Wall Street."
U.S. President-elect Taps Wall Street Lawyer Walter Clayton as SEC Chair
![](https://www.radiohc.cu/articles/441-H06_Clayton.jpg)
Related Articles
Commentaries
MAKE A COMMENT
All fields requiredMore Views
- Attorney General of Venezuela reports progress in investigation into sabotage of electrical system
- World rejects Cuba being listed as supporter of terrorism
- International rejection of Cuba's inclusion on Illegitimate U.S. list
- Cuban President Miguel Diaz-Canel, responding to shooting of Donald Trump, condemns all forms of violence
- Belarusian Ministry of Health grants registration to Cuban vaccine Cimavax