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Trump’s U.S. Attorney Pick to Stay at SEC Pending Confirmation

  • Jay Clayton tells agency staff he remains ‘fully committed’
  • He’s led Wall Street’s main regulator since mid-2017
Jay Clayton

Jay Clayton

Photographer: Andrew Harrer/Bloomberg

Jay Clayton isn’t planning to leave his post as chairman of the U.S. Securities and Exchange Commission while the Senate considers whether to approve him for a new job under contentious circumstances.

The SEC chief was tapped by President Donald Trump in a surprise move late Friday to become the chief federal prosecutor in New York. The man he would replace, Geoffrey S. Berman, has said he won’t leave until a replacement is confirmed by the Senate -- and the timing of that is unclear.