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Trump Selects Wall Street Lawyer for SEC Chairman

President-elect Donald Trump said Wednesday he plans to nominate Wall Street lawyer Jay Clayton to head the Securities and Exchange Commission, which regulates financial markets in the U.S. Clayton currently works as a partner with the law firm Sullivan & Cromwell where he specializes in public and private mergers and has worked on several high-profile initial public offerings. In a statement announcing his selection, Trump said Clayton is a “highly talented expert on many aspects...

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