Anticorruption Developments -
SEC Chairman Nominee Jay Clayton Receives Confirmation Hearing -
On March 23, 2017, SEC Chairman Nominee Jay Clayton testified before the Senate Banking Committee at his confirmation hearing. Clayton, a partner in a prominent law firm with a history of representing Wall Street clients, was asked what advice he would give companies seeking to enter markets known for corruption. In response, Clayton testified that he would “tell the client to think long and hard about whether you want to have the potential exposure [and] there are some jurisdictions where in the vast majority of the cases it may.....
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