Jay Clayton was sworn in as chairman of the SEC after the Senate
voted 61 to 37 to approve President Trump's nomination. The
former Wall Street lawyer faced criticism from Democrats, such as
senators Sherrod Brown of Ohio and Elizabeth Warren of
Massachusetts, including for his legal ties to Goldman Sachs that
formed when he was a partner at Sullivan & Cromwell. After a
period that saw the SEC adding to its oversight of the markets,
Clayton is expected to lead efforts to reduce regulations
in order to spur economic growth.
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