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Senate confirms SEC chief in boost for Trump's Wall Street agenda

Published Wed, May 3, 2017 · 09:50 PM
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Washington

THE US Senate confirmed lawyer Jay Clayton to run the Securities and Exchange Commission (SEC), President Donald Trump's first major Wall Street regulator to take office as the administration pushes to roll back financial regulations.

Mr Clayton, a partner at Sullivan & Cromwell whose clients included Goldman Sachs Group Inc, won approval on Tuesday in a 61 to 37 vote.

Mr Clayton, 50, will take office as Mr Trump has repeatedly called for gutting the 2010 Dodd-Frank financial overhaul. Mr Clayton said i…

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