Reported 2 days ago
Wall Street remains unfazed by President-elect Donald Trump's selection of former SEC Chairman Jay Clayton to lead the Southern District of New York's prosecutorial office, noting his respected background and familiarity within the financial sector. Clayton's experience at the SEC, where he oversaw significant enforcement actions, positions him well for addressing financial crimes, though he lacks direct criminal prosecution experience. His previous encounters with high-profile figures, including Elon Musk, and the controversies surrounding Trump's administration add complexity to his new role, as he embarks on a challenging landscape of financial regulation.
Source: YAHOO