In the Margins

SEC focus could change to dealmaking under Clayton

January 5, 2017

By InvestmentNews

Jay Clayton, the securities lawyer tapped by President elect Donald Trump to be the next chairman of the Securities and Exchange Commission, could shift the agency's emphasis more toward helping firms raise capital and away from rulemaking and enforcement. David Chase, a former senior enforcement counsel in the SEC's Miami office, said the nomination of Clayton "signals that Trump is looking for more of a capital-raising facilitator dealmaker more so than a former prosecutor, tough-regulator type.” Read the original story from InvestmentNews.