Trump's Wall Street Ally Pick Signals Enforcement-Light SEC

By Carmen Germaine (January 4, 2017, 10:36 PM EST) -- President-elect Donald Trump's selection of Sullivan & Cromwell LLP partner Jay Clayton to chair the U.S. Securities and Exchange Commission signals a major shift for the Wall Street watchdog, as experts say the M&A attorney is likely to turn the agency's focus from enforcement both domestically and internationally to cutting the rules companies find most irksome....

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