Jay Clayton steps down as SEC chairman

Jay Clayton steps down as SEC chairman

Jay Clayton will step down as chairman of the Securities and Exchange Commission at the end of the day, the markets regulator said in a letter to President Donald Trump released Wednesday.

“It has been the honor and privilege of my professional life to serve the American people as Chairman of the U.S. Securities and Exchange Commission,” Clayton wrote. “The absolute trust and unwavering support you and your economic team provided to me and the 4,500 women and men of the Commission has enabled us to pursue our mission to the benefit of the more than 65 million American households who invest in and depend on our markets.”

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