President Trump's nominee to head the Securities and Exchange Commission is Jay Clayton. Clayton is a partner at Sullivan & Cromwell, a law firm, and is responsible for helping corporations navigate federal regulations, including those issued by the SEC.
During the financial crisis Clayton also worked with Goldman Sachs on many of its deals, including when billionaire investor Warren Buffett injected $5 billion into the bank. Most recently, Clayton helped Chinese retail giant Alibaba raise money via one of the largest IPOs in history.
Like Trump, Jay Clayton is a graduate of the University of Pennsylvania. Clayton earned a B.S. in engineering in 1988 and a J.D. in 1993 from Penn, along with a B.A. in economics from Cambridge University in 1990. After law school, Clayton clerked for federal district Judge Marvin Katz of the Eastern District of Pennsylvania until 1995.