Jay Clayton, chairman of the Securities and Exchange Commission (SEC), announced on Nov. 16 that he is going to step down at the end of this year, after serving for more than three and a half years.
Sworn in on May 4, 2017, Clayton will leave the agency as one of its longest-serving chairmen. Since he took office, the SEC has brought over 2,550 enforcement actions, obtained over $14 billion in financial remedies, and paid awards of approximately $565 million to whistleblowers.
