Jay Clayton to head Securities & Exchange Commission

President-elect Trump intends to nominate Sullivan & Cromwell partner Jay Clayton to head the Securities and Exchange Commission according to reports by the Financial Times and other newspapers.  Clayton has extensive expertise in M&A, capital markets, and financial regulation.

Clayton is a graduate of the University of Pennsylvannia Law School, where he taught a class on "M&A Through the Business Cycle" from 2009 to 2015.