The Globe and Mail reports in its Thursday edition that U.S. president-elect Donald Trump ridiculed Wall Street on the campaign trail, and frequently criticized his political opponents for their ties to Goldman Sachs. A Bloomberg dispatch to The Globe says, however, now Mr. Trump is relying on a lawyer with close ties to Goldman, to lead Wall Street's top regulator. Mr. Trump will pick Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission. Mr. Clayton's clients represent a virtual who's who list of industry titans, including hedge funds, private-equity firms and Goldman, where his wife has worked for almost two decades. Still, Mr. Trump's advisers said Mr. Clayton has the experience to provide "strong oversight" of financial firms while helping the incoming president do away with regulations that have stifled job growth. Mr. Trump said in a statement, "We need to undo many regulations which have stifled investment in American businesses, and restore oversight of the financial industry in a way that does not harm American workers." Mr. Clayton's expected nomination continues a surprise coup for financial firms since Mr. Trump won the election in November.