The Senate confirmed President Trump’s nomination of Walter J. “Jay” Clayton III as Chair of the SEC. The vote, 61-37, was along party lines. Mr. Clayton succeeds Mary Jo White as Chair and joins Michael S. Piwowar (R) and Kara M. Stein (D) on the Commission. Two vacancies remain.
Prior to his nomination, Mr. Clayton was a partner and corporate lawyer at Sullivan & Cromwell.