SEC Chairman Jay Clayton To Step Down At End Of Year

Law360 (November 16, 2020, 10:29 AM EST) -- Following in the footsteps of his predecessors during presidential transitions, Jay Clayton said Monday that he will be stepping down as chairman of the U.S. Securities and Exchange Commission at the end of the year.

The announcement is an expected conclusion to Clayton's nearly four-year tenure at the helm of the nation's securities regulator. Appointed by President Donald Trump early in his administration, the former Sullivan & Cromwell LLP partner is now set to leave the SEC three weeks before Trump leaves office.

"Working alongside the incredibly talented and driven women and men of the SEC has been the highlight of...

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