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Former Sullivan & Cromwell Partner Jay Clayton Assumes SEC Chairman Post

Jay Clayton, former partner at Sullivan and Cromwell, took his official oath as the 32nd chairman of the Securities and Exchange Commission at a swearing-in ceremony held Thursday in Washington.

SEC said Thursday Clayton has advised multiple public and private companies on corporate governance, merger-and-acquisition, securities, regulatory and enforcement proceeding matters during his more than 20-year career at Sullivan and Cromwell.

President Donald Trump nominated him as SEC chairman in January to help the commission monitor the financial services industry as well as help the administration foster investments in U.S. companies.

Clayton previously served as a law clerk for the U.S. District Court at the Eastern district of Pennsylvania and as a member of the New York and Washington D.C. bars.

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