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Jay Clayton’s Christmas list is pretty short: He wants the U.S. Attorney’s job for the Southern District of New York. Unfortunately for him, his patron and golfing buddy, the president of the United States, is very much on the naughty list for 78 million (and counting) American voters, and so the office he seeks is no longer really in Donald Trump’s gift. Unlike many others in the president’s orbit, Clayton seems to realize that the party’s over, as demonstrated by just how little he seems to care about his current job, chairman of the Securities and Exchange Commission.

But Jay Clayton is a rich man and can buy himself a pretty nice consolation prize to make up for this disappointment, and that is picking up and getting the hell out of Washington as soon as is practicable.

Jay Clayton, the former corporate deal lawyer who has led the Securities and Exchange Commission since 2017, is stepping down as chairman at the end of the year.

Clayton has said he wants to return to New York. Senior Democratic SEC Commissioner Allison Lee likely will be named to serve as acting chair….

And, given President-elect Joe Biden’s preferences for Clayton’s replacement, and the likelihood that Mitch McConnell will retain final say over presidential appointments, she might be acting as such for quite a long time.

Trump’s S.E.C. Chairman Is Stepping Down [DealBook]
Jay Clayton says he will step down early as head of the SEC at the end of 2020 [CNBC]


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Jay Clayton’s Homecoming Plans Hit A Snag

A prestigious job he’s not qualified for may not be in the cards, but hey: At least it’s incompetence and not corruption.

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Jay Clayton Paints His Masterpiece

An accredited investor definition that keeps their numbers about constant and decreases the likelihood of people coming crying to the SEC? It’s perfect.

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Sulking Jay Clayton Shelves ETF Investor Protection Rule

The amazing thing is that such a provision was ever even considered, we suppose.

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Jay Clayton Really Making Up For Three Years Of Procrastination

Gut shareholder democracy? Check. Put a crimp in whistleblowing? Check.

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Here’s A Little Reminder Of How Little Jay Clayton Cares Anymore

The SEC strikes a generous profit-sharing arrangement with the people who allegedly hacked it.

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Jay Clayton Wheeling-And-Dealing His Way Out The Door

Preet Bharara or Gary Gensler might not have much to do come Jan. 20.

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Serial Bummer Jay Clayton Takes The Fun Out Of Coronavirus Bailouts

The first rule of bailout money is: Talk a lot about what you’re doing with your bailout money.