By Lisa Abramowicz, Bloomberg Gadfly
The leading candidate to become Wall Street’s next top cop has a strange view of U.S. markets.
Jay Clayton, a prominent banking lawyer, has been nominated by President Donald Trump to head the Securities and Exchange Commission. Apparently, he seems to think that the U.S. capital markets are a sad, shriveling spot in the global economy, one that locks out individuals.
“It is clear that our public capital markets are less attractive to business than in the past,” he said in remarks prepared for his Thursday testimony in front of the Senate Banking Committee. “As a ...
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