Jay Clayton (attorney)
Walter Joseph "Jay" Clayton III (born July 11, 1966) is an American attorney and Chairman of the U.S. Securities and Exchange Commission.
From 1993 to 1995, Clayton clerked for Judge Marvin Katz of the District Court for the Eastern District of Pennsylvania.[7]
After being a summer associate at the firm in the summer of 1992, Clayton joined Sullivan & Cromwell full-time in October 1995 and became a partner in January 2001.[6] At Sullivan & Cromwell, Clayton was a member of the firm's management committee and co-managing partner of the firm's General Practice Group.[1][8] He specialized in mergers and acquisitions transactions and capital markets offerings[7] and represented prominent Wall Street firms, including Goldman Sachs.[9] He served as an adviser to numerous companies regarding issues related to the SEC, Federal Reserve, Department of Justice, and other agencies.[10]
He has also helped multiple corporations raise money through initial public offerings, including Alibaba Group,[11] Ally Financial, Och-Ziff Capital Management, Oaktree Capital Management, Blackhawk Network Holdings, and Moelis & Company.[7] During the financial crisis of 2007–2008, Clayton advised Bear Stearns in its fire sale to JPMorgan Chase in 2007, Barclays Capital in the purchase of Lehman Brothers' assets following their bankruptcy, and Goldman Sachs in connection with the investment by Berkshire Hathaway.[4]
Clayton disclosed to the U.S. Office of Government Ethics that his other corporate clients had included TeliaSonera AB, Ally Financial, Deutsche Bank, UBS, Volkswagen, SoftBank Group, The Weinstein Company, Pershing Square Capital Management, and Valeant Pharmaceuticals. Clayton's individual clients included Ocwen's former head William Erbey,[12] Paul Tudor Jones, former Attorney General of Ireland Peter Southerland, CDW founder Michael Krasny and LinkedIn founder Reid Hoffman.[13]
Clayton earned $7.6 million in 2016 from his firm and has a family wealth of at least $50 million. A substantial portion of his holdings were in mutual funds of the Vanguard Group. His investments also included private funds managed by Apollo Global Management, Bain Capital, J.C. Flowers & Co., and Richard C. Perry but he divested these investments upon confirmation.[13]
On January 4, 2017, President-elect Donald Trump announced his intention to nominate Clayton to be SEC Chairman,[14] and he was nominated on Inauguration Day, January 20, 2017.[15] Clayton's nomination was endorsed by Manhattan District Attorney Cyrus Vance Jr.[13] U.S. Senator Catherine Cortez Masto, a Democrat representing Nevada, expressed concern that Clayton represented Swedish firm TeliaSonera in a proposed venture that would combine Russian telecommunications companies MegaFon and Altimo.[13] Clayton is not thought to have any ties to the Russian companies.[13] On April 4, 2017, the Senate Banking Committee voted 15–8 to take Clayton's nomination to the full Senate, with three Democrats voting in favor of Clayton.[16]
On May 2, 2017, the U.S. Senate voted 61–37 to confirm Clayton as Chairman of the SEC. Votes cast in favor of Clayton's confirmation included nine Democrats and one Independent alongside 51 Republican votes.[17] On May 4, 2017, Clayton was sworn in, marking the official beginning of his role as Chairman.[18]
Clayton's wife Gretchen, whom he started dating while they attended the same Pennsylvania high school, worked at Goldman Sachs. At one point a small amount of her retirement assets (less than $1,001) was invested in an account managed by Omega Advisors.[13] Clayton's wife resigned from her job prior to his confirmation.[13]
https://en.wikipedia.org/wiki/Jay_Clayton_(attorney)
So, some things stand out to me about this guy. No real background about his birth, parents etc although it does say he was born in Newport News, Virginia which is an independent city, a term I had never heard of before, and his wife is Gretchen Butler.
Moar digs coming.