Close Menu
  • Home
  • Finance News
  • Personal Finance
  • Investing
  • Cards
    • Credit Cards
    • Debit
  • Insurance
  • Loans
  • Mortgage
  • More
    • Save Money
    • Banking
    • Taxes
    • Crime
What's Hot

Stocks making the biggest moves premarket: ULTA, ABNB, GAP, AEO

June 1, 2025

The Road to the “Seven-Figure Club”

May 31, 2025

How to save $1,000 in a month: 10 strategies

May 31, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Smart SpendingSmart Spending
Subscribe
  • Home
  • Finance News
  • Personal Finance
  • Investing
  • Cards
    • Credit Cards
    • Debit
  • Insurance
  • Loans
  • Mortgage
  • More
    • Save Money
    • Banking
    • Taxes
    • Crime
Smart SpendingSmart Spending
Home»Banking»Trump taps his ex-SEC Chair Jay Clayton as US Attorney for Manhattan
Banking

Trump taps his ex-SEC Chair Jay Clayton as US Attorney for Manhattan

November 16, 2024No Comments4 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Trump taps his ex-SEC Chair Jay Clayton as US Attorney for Manhattan
Share
Facebook Twitter LinkedIn Pinterest Email

Jay Clayton

Jeenah Moon/Bloomberg

President-elect Donald Trump is tapping former regulator Jay Clayton to be U.S. Attorney for Manhattan and two of his own criminal defense attorneys for powerful positions in the Justice Department, fleshing out his top picks to reshape American law enforcement. 

Trump’s plans for the Justice Department have been a lightning rod for months, and his choice of lawmaker Matt Gaetz as attorney general sparked a political firestorm this week. Clayton, who led the Securities and Exchange Commission in Trump’s first administration, former federal prosecutor Todd Blanche for deputy attorney general, and Emil Bove as principal associate attorney general are less controversial choices. 

Trump has indicated that he’ll push for a transformation of the Justice Department, which has more than 115,000 employees. The department is central to what Trump will need to carry out his agenda from enforcing federal laws to litigating controversial matters. The incoming administration’s priorities for law enforcement are likely to include immigration-related and violent crimes. The Manhattan U.S. attorney’s office is famous for tackling complex financial cases and appointees are historically veterans of the office.

For Clayton, the Manhattan U.S. Attorney position would mark a shift to criminal law. Since leaving government at the end of Trump’s administration, Clayton has served as Apollo Global Management’s independent chair and returned to New York-based law firm Sullivan & Cromwell as a senior adviser. 

Clayton has no experience as a federal prosecutor, a rarity for someone appointed to the position of U.S. Attorney. If confirmed, the role, often dubbed the Sheriff of Wall Street, will put Clayton in charge of high-profile cases including the prosecution of New York Mayor Eric Adams. 

See also  Survey finds small-business confidence on upswing

As SEC chair under Trump, Clayton mostly succeeded in casting himself as an independent voice focused on protecting small-time investors from fraud and financial industry abuses rather than waging ideological fights. He cultivated relationships with Republicans and Democrats.

“Jay is a highly respected business leader, counsel, and public servant,” Trump said in a post on Truth Social, saying that Clayton did “an incredible job” as SEC chair during his first term.

A spokesman for the U.S. Attorney’s Office declined to comment. 

The U.S. Attorney’s Office for the Southern District of New York, often called the “sovereign district” for its independent streak, clashed with Trump officials during his first presidency as it led a series of investigations targeting members of his inner-circle. It will be the second time Clayton has been put forward for the job. 

The Trump White House said in mid-2020 that it would tap Clayton to lead SDNY, but the then-US Attorney Geoff Berman refused to resign before strategically stepping down to ensure his deputy served in the role instead.

In the end, Clayton never advanced. Senate Majority Leader Chuck Schumer at the time called on Clayton to withdraw his nomination, labeling it a Trump attempt to interfere in SDNY investigations. 

Clayton didn’t immediately respond to a request for comment on the announcement. Trump also said he would put forward another lawyer, Dean John Sauer, who represented him in his presidential immunity case in the Supreme Court, to serve as solicitor general. 

Clayton had been reported as being in contention for the Treasury Secretary position in the Trump administration. When asked about his interest at a Practising Law Institute conference in New York this week, Clayton said: “If asked for a role that I can be effective in, I’ll say yes.”

See also  6 tips to set (and hit) your savings goals

Blanche started his career at SDNY as a paralegal in 1999 before returning as a prosecutor in 2011. He was co-chief of the violent crimes unit. As a defense lawyer, he represented Trump at trial in his so-called hush-money case in New York and has represented others in his orbit. 

Bove previously served for about a decade as an assistant U.S. attorney at SDNY with a focus on national security, including a two-year stint as co-chief of that unit.

In the past three years, SDNY brought several prominent cases including the prosecutions of FTX co-founder Sam Bankman-Fried and Archegos Capital Management founder Bill Hwang, both convicted of fraud following high-profile trials.

U.S. attorneys prosecute civil and criminal cases for the federal government in 93 districts and generally serve at the behest of specific administrations and depart when a new president takes office. Damian Williams, who currently leads SDNY, hasn’t announced his plans. 

Source link

attorney chair Clayton exSEC Jay Manhattan taps Trump
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleProtecting your portfolio against risks tied to Trump’s tariff plan
Next Article Short selling: How to short sell stocks

Related Posts

How to save $1,000 in a month: 10 strategies

May 31, 2025

Here’s what banks must do to secure open banking data

May 31, 2025

How banks are getting their data ready for open banking

May 31, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

How Small Businesses Can Combat Supply Chain Risks Amid Trump’s Tariff War

March 8, 2025

Study: Care for one infant costs at least 10% of a family’s yearly income in 48 states

October 29, 2024

10 stocks near their 52-week low

May 16, 2025
Ads Banner

Subscribe to Updates

Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!

Stay informed with our finance blog! Get expert insights, money management tips, investment strategies, and the latest financial news to help you make smart financial decisions.

We're social. Connect with us:

Facebook X (Twitter) Instagram YouTube
Top Insights

Stocks making the biggest moves premarket: ULTA, ABNB, GAP, AEO

June 1, 2025

The Road to the “Seven-Figure Club”

May 31, 2025

How to save $1,000 in a month: 10 strategies

May 31, 2025
Get Informed

Subscribe to Updates

Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!

© 2025 Smartspending.ai - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.