Born in 1966, under the name of Walter Joseph “Jay” Clayton III, he is an American attorney and Chairman of the U.S. Securities and Exchange Commission.
His earnings were about $7.6 million in 2016 from his firm, also, has a family wealth of at least $50 million. His holdings include some investments in portfolios.
These portfolios are managed by Apollo Global Management, Bain Capital, J.C. Flowers & Co., and Richard C. Perry, but disposing these investments upon confirmation.
Clayton is concerned about the decline in the number of U.S. public companies and has been outspoken on securities law issues. related to distributed ledger technology, cryptocurrencies, and initial coin offerings. Some have predicted that he will look to encourage initial public offerings (IPOs) of companies and streamline the capital formation process by reducing the regulatory framework that applies to public companies in the United States