Wall Street attorney Jay Clayton nominated for SEC chairman

If confirmed, Trump’s pick will head federal agency that regulates financial markets though Dodd-Frank law, which president-elect seeks to overhaulPresident-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission (SEC).Trump announced his nomination of Jay Clayton, a partner in the law firm Sullivan and Cromwell, as chairman of the independent agency that overse