Jay Clayton to step down early as SEC chair

Jay Clayton has announced that he will step down as chair of the Securities and Exchange Commission (SEC) at the end of the year, six months before the end of his term. It’s common for chairs of the SEC to step down when a new president enters office.Q3 2020 hedge fund letters, conferences and moreJay Clayton as SEC chairJay Clayton has served as head of the SEC for the last three and a half years, overseeing many big changes in the financial markets, according to CNBC. During his tenure, the agency raked in some $14 billion in agreements and fines with those found to be in violation of regula…

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