Wall Street’s Top Cop Plans to Quit Before Trump Takes Power

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The top US prosecutor in Manhattan has privately told people he’ll step down before Donald Trump is inaugurated in January, marking the end of his tenure aggressively prosecuting crimes across Wall Street.

Damian Williams, who has served as US Attorney for the Southern District of New York since 2021, has shared his plans with associates following Trump’s election this month, according to people familiar with the conversations. Trump last week announced that he would tap Jay Clayton, who served as head of the Securities and Exchange Commission until 2020, to serve as Williams’ successor.

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