Close Menu
Real Estate Smart ChoiceReal Estate Smart Choice
  • News
  • Investing
    • Buying
    • Selling
  • Financing
    • Mortgage Calculator
  • Guides
  • Homeowners
    • Home Improvement
    • Property Management

LATEST

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change
May 8, 20253 Mins Read
Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out
May 8, 20255 Mins Read
Bird Dog Bot
Facebook X (Twitter) Pinterest LinkedIn
Real Estate Smart ChoiceReal Estate Smart Choice
  • News
  • Investing
    • Buying
    • Selling
  • Financing
    • Mortgage Calculator
  • Guides
  • Homeowners
    • Home Improvement
    • Property Management
Real Estate Smart ChoiceReal Estate Smart Choice
Home » Real Estate » News » Trump Taps His Ex-SEC Chair Jay Clayton as US Attorney for Manhattan
News Real Estate

Trump Taps His Ex-SEC Chair Jay Clayton as US Attorney for Manhattan

November 15, 20244 Mins Read
SEC Chair Jay Clayton
Facebook Twitter LinkedIn Pinterest Email Copy Link


(Bloomberg) — President-elect Donald Trump is tapping former regulator Jay Clayton to be US 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 for months a lightning rod and his choice of embattled 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, as well as former federal prosecutor Todd Blanche for deputy attorney general and Emil Bove as principal associate attorney general, are far less controversial choices. 

Related: What Will Financial Services Regulation Look Like Under Trump?

Trump has indicated that he’ll push for a radical 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. On the campaign trail, Trump also signaled his willingness to use the department to pursue perceived adversaries. 

The incoming administration’s priorities for law enforcement are likely to include immigration-related and violent crimes. The Manhattan US attorney’s office is famous for tackling complex financial cases and appointees are historically veterans of the office.

Wall Street Sheriff

Related: SEC Crypto Enforcement Slated for Major Rollback Under Trump

For Clayton, the Manhattan US 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 Inc.’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 US 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. 

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 US Attorney’s Office declined to comment. 

The US 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. 

Leading SDNY

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 serve 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.”

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 US 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 frauds following high-profile trials.

US 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. 

view original post on www.wealthmanagement.com

Share. Facebook Twitter Pinterest LinkedIn Email Copy Link
Previous ArticleTy Warner’s Four Seasons Hotel NY Reopens As City’s Priciest Stay
Next Article Types of Housing for Rental Property Investors that Generate Income

Related Articles

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read
Read More

Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out

May 8, 20255 Mins Read
Read More

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

May 8, 20252 Mins Read
Read More
LATEST

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read

Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out

May 8, 20255 Mins Read

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

May 8, 20252 Mins Read

Multifamily Rents Rise As Economy Begins To Slow

May 8, 20252 Mins Read
POPULAR
News Real Estate

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read

(Bloomberg) — A potential regulatory shift in favor of the ETF industry is expected to shake up the business models of Wall Street brokers, with billions of dollars in revenue at stake.Wirehouses…

Read More

Is the Housing Market Actually “Healthy”? Here’s My Scorecard to Find Out

May 8, 20255 Mins Read

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

May 8, 20252 Mins Read

Multifamily Rents Rise As Economy Begins To Slow

May 8, 20252 Mins Read
About Us

We are your premier destination for real estate news, investment insights, and invaluable industry information. Our commitment is to provide you with accurate, timely, and comprehensive content that empowers you to make informed decisions in today's ever-evolving real estate landscape. Trust us to be your guide in navigating the intricacies of real estate investment and beyond!

Home Designs AI

LATEST

Wall Street Brokers Face $30B Revenue Risk from ETF Rule Change

May 8, 20253 Mins Read

Multifamily Rents Rise As Economy Begins To Slow

May 8, 20252 Mins Read
Real Estate Smart Choice
Facebook X (Twitter) LinkedIn Pinterest
  • Home
  • News
  • Investing
  • Financing
  • Guides
  • Mortgage Calculator
  • Contact Us
© 2025 by Real Estate Smart Choice

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