Jay Clayton, President Donald Trump’s nominee to lead the Securities and Exchange Commission, cleared a key Senate hurdle on Monday, paving his way to take over the top U.S. markets regulator. Senators voted 60-36 to advance the nomination of Mr. Clayton, a corporate lawyer and partner at Sullivan & Cromwell LLP, to a final vote that could occur by Wednesday. Mr. Clayton would become the first of Mr. Trump’s appointees to be...

Source: Wall Street Journal May 01, 2017 22:52 UTC