Key facts
- Jay Clayton resigned as SEC chair in December 2020.
- Prosecutors are awaiting his replacement.
- There is anticipation regarding future enforcement actions.
Prosecutors are reportedly in a state of anticipation as they await the appointment of a successor to Jay Clayton, who stepped down as Chair of the Securities and Exchange Commission (SEC) in December 2020. The delay in naming a new chair has created uncertainty regarding the direction of future enforcement actions by the regulatory body.