wall street: If confirmed by the Senate, his responsibilities will include enforcing the scores of rules already written by the agency under the 2010 law that reshaped financial regulation after the 2008-09 crisis, according to The Japan Times. The law, known as Dodd-Frank, has long been scorned by Republicans and is high on Trump's target list. Trump announced his nomination of Jay Clayton, a partner in the law firm Sullivan and Cromwell, as chairman of the independent agency that oversees Wall Street and the financial markets. Clayton has worked on many of the securities deals that the SEC regulates and has represented Wall Street powerhouses including Goldman Sachs and Barclays. His nominee for Treasury secretary, Steven Mnuchin, is a former Goldman executive. He is the latest Trump choice with Wall Street connections.
(news.financializer.com). As
reported in the news.
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