On June 22, Securities and Exchange Commission Chairman Jay Clayton and Brett Redfearn, the Director of the SEC’s Division of Trading and Markets, spoke together on an SEC-sponsored virtual forum about modernizing the US Equity Market Structure. Chairman Clayton identified the market for thinly traded securities, retail fraud and National Market System (NMS) market data and access as three current targets for SEC initiatives.
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Jay Clayton
SEC Chairman Clayton Provides Public Statement Regulation Best Interest and Form CRS
By Susan Light, Michael T. Foley & Stanley V. Polit on
Posted in Broker-Dealer
On June 15, Securities and Exchange Commission Chairman Jay Clayton made a public statement (Statement) covering several topics related to Regulation Best Interest (Reg BI) and Form CRS. Chairman Clayton confirmed that the compliance date for Reg BI and Form CRS will be June 30, 2020 and emphasized the SEC’s focus on issues related to Main Street investors, including the creation of a new investor-focused resource to assist such investors with reviewing the Form CRS and researching firms and financial professionals.
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President-Elect Trump Nominates Clayton as SEC Chair
By Mark D. Wood & Mark J. Reyes on
Posted in SEC/Corporate
On January 4, President-elect Donald Trump announced his nomination of Jay Clayton to serve as chair of the Securities and Exchange Commission, subject to confirmation by the Senate. A partner at Sullivan & Cromwell, Mr. Clayton’s practice involves public and private mergers and acquisitions transactions, capital markets offerings and public and private investments. If confirmed, …