Washington — Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the US Securities and Exchange Commission (SEC), will face questions on his vision for the agency at his confirmation hearing on Thursday before the senate banking committee. A partner at Sullivan & Cromwell who is not registered with any political party, Clayton has worked on high-profile initial public offerings (IPOs) like Alibaba Group and is widely expected to focus his efforts on ways the SEC can foster economic growth and help companies raise capital. Clayton will pledge to be tough on fraudsters in his opening statement to the committee, according to his prepared remarks. "Bad actors undermine the hard-earned confidence that is essential to the efficient operation of our capital markets," he plans to say. The SEC enforces securities laws and regulates US stock, options and bond markets. Clayton is expected to win confirmation easily. But he can expect sharp questioning from Democrats ...
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