FINRA Statement on Confirmation of Walter J. "Jay" Clayton III as SEC Chairman

WASHINGTON — The Financial Industry Regulatory Authority (FINRA) today issued the following statement on the confirmation of Walter J. “Jay” Clayton III as Chairman of the Securities and Exchange Commission.

“FINRA would like to extend congratulations to Jay Clayton on his confirmation as SEC Chairman. Jay's broad experience and his keen understanding of capital markets and securities regulation will serve investors and market participants well as the SEC works to ensure that safe, strong securities markets remain a cornerstone of the U.S. economy. I look forward to working with him in his new role.” – Robert W. Cook, President and CEO, FINRA

FINRA is dedicated to investor protection and market integrity. It regulates one critical part of the securities industry – brokerage firms doing business with the public in the United States. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org.