Jay Clayton

After more than a year of testing, the Securities and Exchange Commission has pulled the plug on a controversial pilot program aimed at improving liquidity among thinly traded small-cap stocks. Data from the "tick size" pilot program indicates that it hasn't produced the intended...

The first stage of an important new rule for anyone who uses a financial advisor will officially roll out on Friday. The Department of Labor is moving forward with the first stage of the new fiduciary rule, a federal regulation requiring financial advisors to act in the best interest of their...

After its $24 billion IPO, Snap Inc (NYSE: SNAP) now faces questions over unequal voting rights from a member of U.S. Securities and Exchange Commission, according to a recent Reuters report. In a unique move last week, the parent of social media app Snapchat sold $3.4 billion of shares to outside...

Walter "Jay" Clayton is a name many investors aren't familiar with, but this will change very quickly. The Wall Street attorney has been tapped by President-elect Donald Trump to lead the U.S. Securities and Exchange Commission. Financial Experience As noted by Reuters, Clayton is a partner at the...