The average number of accounting and auditing enforcement actions initiated per year during Jay Clayton’s tenure as Securities and Exchange Commission (SEC) chair was higher than during Gary Gensler’s, according to an analysis by Cornerstone Research.
During the Clayton era, 74 actions per year were initiated on average, compared to Gensler’s 60, a 19% decrease.
Clayton, appointed by President Trump during his first term, served at the SEC from May 2017 to December 2020.
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