The Incoming SEC Chairman As I Know Him

By Kevin Lavin, Arnold & Porter Kaye Scholer LLP (January 10, 2017, 2:32 PM EST) -- On Wednesday, Jan. 4, President-elect Donald Trump nominated Jay Clayton to be chairman of the U.S. Securities and Exchange Commission. I'm a registered Democrat and a proud supporter of Hillary Clinton. I would enjoy being able to criticize Trump's selection. But in this case, I cannot. Trump has picked the perfect person for this important position.

I've known Jay since 1995, when he joined Sullivan & Cromwell LLP as an associate following his clerkship. While we were associates, we worked together on a few matters and I was immediately impressed by his intellect, work ethic and calm demeanor. In mid-1996, I...

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