Former SEC Chair: Time to Democratize Alternative Investments
In remarks at the BNY Mellon Pershing Institute covered by InvestmentNews Jeff Benjamin, former SEC Chair Jay Clayton shared his thoughts on the current regulatory environment, and why he believes that the SEC is doing many investors a disservice by preventing them from investing in private markets.
Clayton served as SEC Chairman under former President Trump between May 2017 and December 2020. He drew some differences from his tenure and the current administration, noting that its pretty clear were in a very highly business-skeptical and commercial-skeptical regulatory environment. Currently, Clayton serves as the nonexecutive chair at Apollo Global Management.