I think Donald Trump must have been joking when he said he was going to drain the swamp. Appointing a Wall Street lawyer to head the SEC is the exact thing most politicians in the Republican Party would do. His resume looks pretty good, but when you dig deep there are issues.
From USA Today
He is opposed to Dodd-Frank. He thinks Sarbanes Oxley is wasteful. He defended all the big banks during the financial crisis. What are they thinking?