Jay Clayton, of New York, to be United States Attorney for the Southern District of New York for the term of four years.
Jay Clayton is currently the Chairman of the United States Securities and Exchange Commission. Chairman Clayton is a member of the President’s Working Group on Financial Markets, the Financial Stability Oversight Council, and the Financial Stability Board. He also participates on the Board of the International Organization of Securities Commissions.
Under Chairman Clayton’s leadership, the SEC filed a total of 1,683 enforcement actions in fiscal years 2018 and 2019. Parties in the Commission’s actions and proceedings were ordered to pay a total of $8.294 billion in disgorgement of ill-gotten gains and penalties, and the Commission returned a total of $1.991 billion to harmed investors.
Prior to joining the Commission, Chairman Clayton was a partner at Sullivan & Cromwell LLP, where he was a member of the firm’s Management Committee and co-head of the firm’s corporate practice. From 2009 to 2017, Chairman Clayton was a Lecturer in Law and Adjunct Professor at the University of Pennsylvania Law School.
Prior to joining Sullivan & Cromwell, Chairman Clayton served as a law clerk for the Honorable Marvin Katz of the United States District Court for the Eastern District of Pennsylvania. A member of the New York and Washington, DC bars, Chairman Clayton earned a BS in Engineering from the University of Pennsylvania (summa cum laude), a BA and MA in Economics from the University of Cambridge (Thouron Scholar), and a JD from the University of Pennsylvania Law School (cum laude, Order of the Coif).