On June 19, the President announced his intention to nominate SEC Chairman Jay Clayton to serve as the next U.S. Attorney for the Southern District of New York (SDNY). The SDNY post is one of the most coveted and significant at DOJ, in part because SDNY’s jurisdiction covers New York City and, in particular, Wall Street. Mr. Clayton has served as SEC Chairman since May 2017. In that time, he has set one of the agency’s most aggressive and prolific rulemaking agendas in recent history, including adopting Regulation Best Interest and Form CRS and adopting several long-overdue rulemakings mandated by Title VII of Dodd-Frank. His nomination is subject to confirmation by the U.S. Senate.
Blog FinReg + Policy Watch June 25, 2020