Securities and Exchange Commission Chairman Jay Clayton announced that Wednesday will be his last day leading Wall Street’s top regulator.
Clayton, in a statement posted on the agency’s website, said he submitted a letter to President Donald Trump informing him of his decision to leave the SEC on Dec. 23.
While President-elect Joe Biden will pick a permanent successor to Clayton, Trump will likely install either Hester Peirce or Elad Roisman — the SEC’s Republican commissioners — as acting chairman.
Clayton, a former law partner at Sullivan & Cromwell whose clients included prominent Wall Street firms, had previously announced that he planned to step down by the end of the year.
A November hacking incident involving cloud apps used by three employee exposed names, Social Security numbers, and other account data, the mega-RIA said.
Paul V. Morris worked at multiple firms across Wall Street and most recently in Manhattan for Merrill Lynch.
Convicted by an LA jury on 13 of 17 counts, the Citron Research founder and activist short seller now is now facing a statutory 25-year federal prison sentence.
The deal marks Ground Control's second UK transaction in under two years as US wealth platforms race to stake out overseas territory.
Investors' tendency to choose external goalposts can seriously impact their odds of long-term success – and they might not even know it.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
