Framing The Legacy Of The SEC Under Clayton

On Sept. 17, U.S. Securities and Exchange Commission Chairman Jay Clayton and Division of Enforcement Director Stephanie Avakian delivered back-to-back speeches regarding the performance of the SEC's enforcement program at the University of Pennsylvania Carey Law School's Institute for Law and Economics.

The apparently coordinated speeches signaled the start of the expected election year retrospectives for the Clayton administration with the 2020 presidential election fast approaching.

The speeches present notable perspectives of what the enforcement program has achieved over the last few years along with useful signals regarding the agency's continuing priorities for enforcement as we await the outcome of the election.