Sullivan & Cromwell’s Walter “Jay” Clayton is set on Thursday to testify in front of the Senate’s Banking Committee for a hearing on his nomination to chair the Securities and Exchange Commission.
Clayton’s ties to Wall Street — his law firm has represented numerous banks during the bailout era, and his wife works at Goldman Sachs — and his past critique of the SEC’s enforcement approach have generated controversy with left-leaning groups such as the Center for American Progress, Public Citizen and others.
Most notably, in 2011, Clayton was listed first among a dozen drafters and editors of an article that criticized ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.