Ousting of U.S. prosecutor thrusts low-profile markets regulator into unwelcome spotlight

[ASFN Admin]

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Friday's surprise bid by the U.S. Department of Justice to replace a top federal prosecutor has thrust one of the Trump administration's more low-profile officials into a partisan storm which he is likely to try to quickly exit, said those who know him. Over the past 12 hours, Securities and Exchange Commission (SEC) Chairman Jay Clayton has come under enormous pressure to withdraw his nomination to replace U.S. Attorney in Manhattan Geoffrey Berman after he made it clear he was being ousted. In his post at the Southern District of New York (SDNY), Berman has led the prosecution of high profile corruption and Wall Street crimes, and been investigating President Donald Trump's personal lawyer, Rudolph Giuliani.

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