function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); For years, the law firm of Sullivan &Cromwell touted the achievements of its partner Jay Clayton in a lengthy biography displayed on its website. Clayton, one of the most powerful attorneys on Wall Street, had worked on everything from the sale of the Atlanta Hawks to Goldman Sachs bailout to mortgage fraud settlements with several major financial institutions. But then President Donald Trump nominated Clayton to chair the Securities and Exchange Commission, an agency tasked with policing Wall Street misconduct. Claytons bio all but disappeared from the Sullivan &Cromwell site ' trimmed from more than 800 words to less than 30.Its perfectly legal for a Wall Street lawyer to join the SEC. But Claytons relationship with the firm has raised questions about the agencys ability to crack down on securities fraud. At his confirmation hearing last week, Sen. Elizabeth Warren (D-Mass.) noted that government ethics rules would bar Clayton from participating in any enforcement activity against a company that he previously represented as a lawyer ' or any company that chose to be represented by Sullivan &Cromwell in a future dispute with the SEC. The restrictions would last for the first two years of Claytons term as SEC chairman. When the agencys career staffers have investigated misconduct, its leaders ' four commissioners and the chairman ' vote on whether to issue fines or penalties. The commissioners are split evenly between Democrats and Republicans and often vote along partisan lines, resulting in a 2-2 tie, which is broken by the chair. If Clayton is forced to sit out an enforcement decision, the result could be a deadlock that allows fraud to go unpunished. This was a common problem at the agency during the tenure of Obamas SEC chair, Mary Jo White, who, like Clayton, had previously worked as a prominent corporate attorney.The Senate banking committee is expected to vote next week on whether to advance Claytons nomination to the Senate floor.Here is the full text of Claytons Sullivan &Cromwell bio before it was all but deleted:Jay Claytons practice involves public and private mergers and acquisitions transactions, capital markets offerings, regulatory and enforcement proceedings, and other matters where multidisciplinary advice and experience is valued. Mr. Clayton also advises several high-net-worth families regarding their public and private investments.Representative EngagementsM&A/Private EquityCastleton Commodities in its acquisition of Morgan Stanleys global oil merchants business; and a consortium of investors in connection with the acquisition of Castleton from Louis Dreyfus and HighbridgeAn ownership group for the Atlanta Hawks NBA franchise in connection with the purchase and later sale of the franchiseAlly Financial Inc. in the $4.2 billion sale of its operations in Europe and Latin America to General Motors (GM), as well as in the $4.1 billion sale of its Canadian auto finance business to the Royal Bank of Canada (RBC) and in the sale of its Mexican insurance business (ABA Seguros) to ACE GroupTeliaSonera in connection with various transactions involving Turkcell and Megafon, including arrangements with Altimo and various other acquisitions and dispositions of telecom-related assetsBritish Airways in its merger with Iberia and the formation of International Airlines Group and various other transactionsBarclays Capital in connection with its purchase of assets of Lehman Brothers out of bankruptcyGoldman Sachs in connection with the investment of $5 billion by Berkshire Hathaway and the U.S. Treasurys TARP InvestmentBear Stearns in connection with the sale of Bear Stearns to JPMorgan Chase and related mattersGoldman Sachs and affiliated funds in connection with various acquisitions and investments in companies involved in financial services, banking, telecom and other industriesCapital Maritime in connection with the combination of Crude Carriers Corporation and Capital Product Partners L.P. and the formation of a container carrier joint venture with a private equity firmMichael Krasny (founder) in the $7.2 billion sale of CDWAltor Equity Partners in connection with various acquisitions and financing transactionsCapital Markets/Leveraged FinanceInitial public offering of $25 billion by Alibaba Group Holding LimitedInitial public offering of $190 million by Moelis & CompanyInitial public offering of $2.375 billion by Ally Financial and private placements of $3 billion and $1.3 billion of common stock in Ally FinancialInitial public offering of $230 million by Blackhawk Network HoldingsInitial public offering and multiple public and private offerings of equity, preferred and debt securities of Capital Product Partners L.P.Initial public offering of $380 million by Oaktree Capital GroupInitial public offering of $150 million by Higher OneInitial public offering of $260 million by Crude Carriers CorporationInitial public offering of $1.2 billion by Och-Ziff and follow-on offerings and refinancing$1 billion 144A equity offering by Oaktree Capital (the first issuer to use the GSTrUE/Portal Alliance trading procedures)Public offering of $6.0 billion of common stock and mandatory convertible preferred stock by Lehman BrothersPublic and private offerings of $1.5 billion in equity and equity-linked securities of AMBACCorporate Governance, Regulatory and Contested MattersA large financial institution in connection with the settlement of mortgage related securities claims with the FHFAA large financial institution in connection with the settlement of mortgage related claims with the DOJ, HUD and FHFAA large financial institution in connection with a regulatory review of transactions in government securitiesA hedge fund in connection with a regulatory review of various credit market transactionsA group of financial institutions in connection with their challenge to MBIAs restructuringAlly Financial in connection with the $25 billion mortgage origination and servicing settlement with the DOJ, HUD and state attorneys generalEni and subsidiaries in connection with an FCPA investigation by the SEC and DOJA financial institution in connection with a civil investigation of its ECN currency facility by the Federal Reserve Bank of New YorkThe group of 100 general counsels of leading UK companies in connection with establishing audit protocols with the PCAOBA financial institution in connection with various issues arising from its employees membership on the boards of public and private companiesRecognitionsChambers Global: The Worlds Leading Lawyers for Business (2008-2015)Chambers USA: Americas Leading Lawyers for Business (2006-2015)The Legal 500 United States (2009-2015)IFLR1000 (2008-2017) New York Super Lawyers (2008-2015)The Lawdragon 500: Leading Lawyers in America (2006-2010)The Best Lawyers in America (2014-2017)Recent PublicationsCo-Author We Dont Need a Crisis to Act Unitedly Against Cyber Threats Knowledge@Wharton, June 2015Chair of the Drafting Committee for The FCPA and its Impact on International Business TransactionsShould Anything be Done to Minimize the Consequences of the U.S.s Unique Position on Combating Offshore Corruption' International Business Transactions Committee, New York City Bar Association, December 2011Co-Author USA 10-K: Why America Needs an Annual Report Knowledge@Wharton, July 2012Other Professional ActivitiesLecturer in Law, University of Pennsylvania Law School (M&A Through the Business Cycle, 2009-2015) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. 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