Capitol Report: SEC’s Clayton says key to more IPOs is less burdensome disclosure

Jay Clayton is sworn in to testify at a Senate Banking, Housing and Urban Affairs Committee hearing on his nomination of to be chairman of the Securities and Exchange Commission (SEC) on Capitol Hill in Washington, U.S. March 23, 2017.

Jay Clayton gave his first public speech on Wednesday as Securities and Exchange Commission chairman, telling the Economic Club of New York that he’s in charge of an agency that has much more discretion over its agenda than his predecessor, Mary Jo White.

In his speech, Clayton focused on disclosure overload and the unintended consequences of overregulation for hampering capital formation. In particular, he said,” the reduction in the number of U.S.

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