Donald Trump to Nominate Jay Clayton as SEC Chair

The transcript discusses the nomination of Jay Clayton as the next chairman of the SEC by President-elect Trump. Clayton, a seasoned attorney from Sullivan and Cromwell, has represented major firms like Goldman Sachs and Oak Tree Capital. His nomination raises interest due to his background in securities law and his representation of firms regulated by the SEC. The discussion also touches on the potential implications of his appointment, especially given Trump's campaign stance on Wall Street. Clayton's experience with hedge funds and his legal expertise are highlighted, with attention on how his role might influence SEC regulations if confirmed by the Senate.

What concerns were raised regarding Clayton's nomination in relation to Wall Street?

What role will the SEC have if Jay Clayton is confirmed?