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Lisa Abramowicz

SEC Nominee's Distorted Reality

Trump's pick to be Wall Street's top cop has a warped view of his beat.

The leading candidate to become Wall Street’s next top cop has a strange view of U.S. markets.

Jay Clayton, a prominent banking lawyer, has been nominated by President Donald Trump to head the Securities and Exchange Commission. Apparently, he seems to think that the U.S. capital markets are a sad, shriveling spot in the global economy, one that locks out individuals.