The 4,000-person SEC was one of the first federal agencies to tell employees to stay home at the start of the epidemic.
He said he would conduct himself with “independence” and “follow all ethical rules.”
Though Clayton has golfed with Trump, the two aren’t known to be especially close.
Wall Street is pushing back on proposals to de-list Chinese companies from U.S. exchanges.
At issue is China’s longstanding refusal to allow the examination of audits of firms whose shares trade in the U.S.
The investigations are significant because USO has grown to be a dominant player in the market for crude futures.
The exchange says that as of April 13, 154 securities had been trading below the $1 threshold for at least 30 days.
Some funds that invest in mortgage bonds have already been selling holdings to raise cash.
Wall Street’s main regulator is encouraging employees to stay home as it deals with extremely volatile markets.
The guidance from Finra is the latest move by regulators to deal with a mounting health crisis.
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