Wall Street isn’t panicking with ‘known entity’ Jay Clayton as new top cop
President-elect Donald Trump’s choice of former SEC boss Jay Clayton to lead an office of prosecutors with a history of pursuing financial crimes is notable for its complete lack of controversy — especially on Wall Street.
The announcement that Clayton would serve as US Attorney for the Southern District of New York (SDNY) came amid a string of other Trump nominations that attracted considerably more attention for their breaking of norms, including Matt Gaetz as attorney general and Pete Hegseth as defense department secretary.
Clayton, on the other hand, is a “well-respected, known entity,” said white-collar criminal defense attorney and former federal prosecutor Michael Weinstein.
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