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.