In an article published by Compliance Week, Bass, Berry & Sims attorney Jay Knight provided insight on the newly appointed U.S. Securities and Exchange Commission (SEC) chairman, Jay Clayton of Sullivan & Cromwell. Clayton is a respected expert in mergers, acquisitions and capital formation but has some controversy surrounding his view on the Foreign Corrupt Practices Act (FCPA). Knight is encouraged by the nomination as he believes that Clayton's skill set fits well with the SEC's capital formation and investor protection efforts. Knight believes that Clayton's experience in M&A deals can be applied as chairman by being able to understand marketplace issues. "This is somebody who is very familiar with the SEC's mission," said Knight in the article.
The full article, "What to Expect from Trump's SEC Nomination," was published by Compliance Week on January 10, 2017, and is available online.
Visit our Securities Law Exchange blog to read our recent post detailing Clayton's experience and additional media reaction to his appointment, "Quick Fact Sheet on Trump’s Pick for SEC Chair."