Wall Street Can Hire Firm Tied to Trump SEC Chair to Lessen Chance of Getting Punished
President Trump’s pick to be the United States’ top stock market regulator has been described as a “fox guarding the henhouse.” But the predator analogy might not be appropriate because he would be napping for much of the time, according to ethics rules and his job history. SEC Chair-nominee Jay Clayton would have to recuse himself from a wide range of cases involving heavy-hitters in the financial industry, he admitted on Thursday, before the Senate Banking Committee. As a partner at a well-heeled law firm, Clayton…