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SEC Chairman Clayton to Step Down at End of 2020

Jay Clayton, chairman of the Securities and Exchange Commission (SEC), announced on Nov. 16 that he is going to step down at the end of this year, after serving for more than three and a half years. Sworn in on May 4, 2017, Clayton will leave the agency as one of its longest-serving chairmen. Since he took office, the SEC has brought over 2,550 enforcement actions, obtained over $14 billion in financial remedies, and paid awards of approximately $565 million to whistleblowers. On Oct. 22, the SEC announced an award of over $114 million to a whistleblower, a record since its first such award in 2012. “Working alongside the incredibly talented and driven women and men of the SEC has been the highlight of my career,” Clayton said in a statement, “The U.S. capital markets ecosystem is the strongest and most nimble in the world, and thanks to the hard …

SEC Chairman Clayton to Step Down at End of 2020

Jay Clayton, chairman of the Securities and Exchange Commission (SEC), announced on Nov. 16 that he is going to step down at the end of this year, after serving for more than three and a half years. Sworn in on May 4, 2017, Clayton will leave the agency as one of its longest-serving chairmen. Since he took office, the SEC has brought over 2,550 enforcement actions, obtained over $14 billion in financial remedies, and paid awards of approximately $565 million to whistleblowers. On Oct. 22, the SEC announced an award of over $114 million to a whistleblower, a record since its first such award in 2012. “Working alongside the incredibly talented and driven women and men of the SEC has been the highlight of my career,” Clayton said in a statement, “The U.S. capital markets ecosystem is the strongest and most nimble in the world, and thanks to the hard …