President-elect Donald Trump decided on Wednesday to select Wall Street lawyer Jay Clayton to head the Securities and Exchange Commission.
"Jay Clayton is a highly talented expert on many
aspects of financial and regulatory law, and he will ensure our
financial institutions can thrive and create jobs while playing by the
rules at the same time," Trump said in a statement released on
Wednesday. "We need to undo many regulations which have stifled
investment in American businesses, and restore oversight of the
financial industry in a way that does not harm American workers."
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