Ex-U.S. Attorney Yang Is Trump’s Top Contender for SEC

By Benjamin Bain, Jennifer Jacobs, and Robert Schmidt, Bloomberg News

President-elect Donald Trump is considering nominating ex-U.S. attorney Debra Wong Yang to run the Securities and Exchange Commission, positioning her to be the second consecutive former federal prosecutor to lead Wall Street’s top regulator, said a person with direct knowledge of the matter.

While Trump and his transition team have spoken with a handful of candidates, Yang is the top contender to be SEC chairman, said the person, who asked not to be named because the incoming president hasn’t announced his pick. Yang, who is now a partner at law firm ...