Wake Up Call: Ex-SEC Chair Among Advisers in FTX Bankruptcy

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Sullivan & Cromwell of counsel Jay Clayton, who was chair of the US Securities and Exchange Commission during the Trump years, is among advisers to bankrupt crypto exchange FTX.com, according to a report. FTX US general counsel Ryne Miller is a former Sullivan partner. (Financial Times)
• Paul Weiss partner Martin Flumenbaum, who represented junk bond trader Michael Milken, is serving as personal adviser to Sam Bankman-Fried, who resigned as FTX’s CEO last week. Lawyer John ...