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SEC Chief Rejects Speculation Markets Should Be Shuttered

  • Jay Clayton discusses coronavirus response in CNBC interview
  • Markets should function through times like these, Clayton says
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U.S. Securities and Exchange Commission Chairman Jay Clayton said Monday that stock markets should continue to operate when asked in a CNBC television interview whether exchanges should suspend trading because of volatility triggered by the spreading coronavirus.

“Markets should continue to function through times like this,” Clayton said in the interview conducted by telephone. “We’ve been in contact with the various institutions” across Wall Street, he said.