washington wall street attorney jay clayton recuse matter involve barclays bank deutsche bank ag clients recently represent confirm head u.s. securities exchange commission term ethics agreement disclose wednesday barclays bank deutsche bank ag ubs securities royal bank canada ally financial pershing square among financial firm list clayton clients sullivan cromwell accord form file office government ethics agreement clayton participate sec matter involve firm one year also recuse matter involve former clients one year last provide legal service sec currently two members republican michael piwowar democrat kara stein often disagree policy matter clayton confirm recuse agency leave deadlocked commissioners nominate confirm full force sec five vote members include chair clayton also promise divest within 90 days confirmation 176 assets collectively worth millions dollars reply request comment clayton wife gretchen butler clayton report assets 52.3 million 130.4 million nominees executive branch position report assets broad range impossible calculate nominee exact net worth assets relate employment sullivan cromwell worth 2.5 million 8.4 million oge form show wife work goldman sachs co assets relate role investment bank worth 1.1 million 2.8 million say resign job confirm form also detail specific assets clayton divest comply federal ethics laws march letter ethics officer clayton indicate seek take advantage tax benefit allow government officials defer pay capital gain tax assets sell satisfy ethics requirements potentially save millions dollars wall street attorney clayton work notable deal include initial public offer alibaba group hold ltd. valeant pharmaceuticals subject federal investigations relate drug price list one clients clayton also report two corporate clients could name due pending investigations yet public sec independent federal agency task enforce securities laws regulate country stock options exchange agency nominees review u.s. senate bank committee set hold clayton initial confirmation hear march 23. sec nominee clayton vow separation wall street law firm