The valuation community has been stung with criticism from the U.S. Securities and Exchange Commission over the profession’s fragmented nature and multiple sets of standards. Maybe this will ease up in light of President-elect Donald Trump’s selection of Sullivan & Cromwell LLP partner Jay Clayton to chair the SEC, which signals a “major shift” for the Wall Street watchdog, according to an article on Law360.com. Experts say Clayton, an M&A attorney, is likely to turn the agency’s focus from enforcement both domestically and internationally to easing the burdensome rules companies have been required to follow.
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