SEC nominee Clayton likely to face tough conflict questions - 03/08/2017

In the Margins

SEC nominee Clayton likely to face tough conflict questions

March 8, 2017

By The Wall Street Journal

Jay Clayton, the Sullivan & Cromwell LLP partner picked by President Donald Trump to lead the Securities and Exchange Commission, is likely to face sharp questions from Senate Democrats about potential conflicts of interest. Clayton earned more than $7.6 million over the past year as one of Wall Street’s top lawyers, handling stock offerings and corporate mergers and acquisitions, and has investments in a long list of private-equity funds managed by firms such as Warburg Pincus LLC, Bain Capital, and J.C. Flowers & Co. LLC. His Senate confirmation hearing is scheduled for March 23. Read the original story from The Wall Street Journal.

Share Feedback Post on LinkedIn Share Article

Most Read

Top of the Agenda - Governance
SEC’s ETF share class move to spur board talks, planning

The Securities and Exchange Commission's move earlier this week to greenlight Dimensional Fund Advisors' plan to offer ETF share classes of its mutual funds is likely ...

Top of the Agenda - Governance
Fewer women, minorities among new fund directors

After years of making gains in filling fund board seats, women and individuals representing minority groups lost significant ground in the most recent two-year period measured ...

Top of the Agenda - Compensation
IDC: Fund director pay climbs again in 2024

Mutual fund independent directors earned more in 2024 than in the year prior, and the pace at which their compensation grew was also higher year-on-year, according ...

Top of the Agenda - Governance
ASA board sees exit of legacy members; Saba now in control

The two longest-serving independent directors of ASA Gold and Precious Metals Ltd. have resigned from the board, and all litigation pursued by activist investor Saba Capital ...