By Benjamin Bain, Bloomberg News
The U.S. Senate confirmed lawyer Jay Clayton to run the Securities and Exchange commission, President Donald Trump’s first major Wall Street regulator to take office as the administration pushes to roll back financial regulations.
Clayton, a partner at Sullivan & Cromwell whose clients included Goldman Sachs Group Inc., won approval Tuesday in a 61 to 37 vote.
Clayton, 50, will take office as Trump has repeatedly called for gutting the 2010 Dodd-Frank financial overhaul. Clayton said in his confirmation hearing that he wants to determine whether rules linked to Dodd-Frank are achieving their objectives.
“Jay ...
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