New SEC chairman confirmed by US Senate

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May 02, 2017

On May 2, 2017, the United States Senate has confirmed Walter J. "Jay" Clayton III, a former Wall Street lawyer, as the new chairman of the SEC.

Mr. Clayton was nominated by then-President-elect Donald Trump on January 4, 2017. Mr. Clayton replaces acting chairman Michael Piwowar, who has led the SEC since previous chair Mary Jo White’s resignation became effective in January 2017.

Mr. Clayton’s term will end on June 5, 2021. He is expected to be sworn in as soon as Thursday, May 4, 2017.

For more information, see the press release on the SEC's website.”

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