Jay Clayton Noted for Modernizing ‘Accredited Investor’ Definition in The HillAugust 2, 2022
The work of the Securities and Exchange Commission under former Chairman Jay Clayton's leadership was mentioned in an opinion article in The Hill by congressmen French Hill and Byron Donalds on reforming the SEC's “accredited investor” definition to allow more retail investors to participate in the private markets. The authors note that when Jay was SEC chairman, he modernized the definition by allowing individuals with certain financial certifications to be designated as accredited investors. The article also notes that Jay gave the SEC the ability to designate additional qualifying professional certifications, designations and other credentials.
Jay is Senior Policy Advisor and Of Counsel to Sullivan & Cromwell.
Click here to read the article.