This is an archived article that was published on sltrib.com in 2017, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Washington • The Wall Street connections of President Donald Trump's nominee to lead the Securities and Exchange Commission took attention at his Senate confirmation hearing Thursday. Attorney Jay Clayton sought to assure his congressional vetters that he'll act only in the public interest and will show no favoritism.
Clayton, a partner in the prominent law firm Sullivan & Cromwell, has done significant legal work for Wall Street powerhouse Goldman Sachs and other financial giants. Asked whether his client work will create conflicts of interest for him as the financial markets' top regulator, Clayton said, "I do not believe they will do so."
"I pledge to you and the American people that I will show no favoritism to anyone," Clayton told the Senate Banking Committee.