, Columnist
Clayton's Deregulation Push Won't Reignite IPOs
Less information and easier access could actually harm investors.
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Securities and Exchange Commission Chairman Jay Clayton wants to "enhance the ability of every American to participate in investment opportunities." He didn't say whether they would be good ones.
Clayton appeared at the Economic Club of New York on Wednesday and gave his first public speech since being appointed by President Donald Trump. He said his priority was looking out for average mom-and-pop investors, whom he dubbed Mr. and Mrs. 401(k), and he hit on an issue that has quickly become one of his favorites, the shrinking equity market.