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Jacob Zamansky Quoted by New York Law Journal

January 4, 2017 In The News

Securities Defense Bar Praises Trump SEC Pick, New York Law Journal, by Christine Simmons

President-elect Donald Trump nominated Jay Clayton, a partner at Sullivan & Cromwell, to lead the U.S. Securities and Exchange Commission, a nomination that securities litigators and other lawyers who have worked with Clayton greeted with enthusiasm.

Jacob Zamansky said Clayton appears to be “very qualified to be SEC chair,” but “it’s important that he listen to the view of investors.”  Mr. Zamansky also discussed investors’ disappointment with former SEC chair Mary Jo White, the agency’s failure to hold executives accountable for their roles in the financial crisis, and the new fiduciary duty rule proposed by the Department of Labor.  Zamansky further stated, “[i]nvestors want to hear his views on that rule before he’s confirmed…[t]hat to me is a table setter for the administration and consistent with what Trump said during his campaign, that he’s for the working class.

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