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Trump's SEC Pick Set for Tense Reunion With Elizabeth Warren

  • Jay Clayton and senator have shared history at Penn law school
  • Lawmaker expected to attack his conflicts at Thursday hearing
The U.S. Securities and Exchange Commission seal is displayed outside the headquarters in Washington, D.C., U.S., on Wednesday, Oct. 26, 2011. The SEC approved a rule requiring hedge funds and private-equity funds to reveal internal information to U.S. regulators.
Photographer: Andrew Harrer/Bloomberg
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Jay Clayton, the Wall Street lawyer tapped to lead the Securities and Exchange Commission, faces an uncomfortable reunion this week with U.S. Senator Elizabeth Warren.

Two decades ago, Warren was a little-known law professor at the University of Pennsylvania. Clayton was a Penn law student at the same time. She went on to become the finance industry’s most relentless critic, while he made millions as a lawyer representing big banks and hedge funds. Their paths will cross again Thursday at Clayton’s Senate confirmation hearing, where Warren will be among the most outspoken lawmakers questioning his work on behalf of the industry.