The head of the unit complained of "serious deficiencies" in equipment and inadequate training, according to an SEC memo.
Under current law, the president can only fire Cordray for cause.
The agency’s new commissioner seeks “common ground” with the DOL rule.
SEC Chair Jay Clayton said disclosure rules have gone "beyond the core concept of materiality."
A coalition of large U.S. pensions wants public companies to be forced to disclose more about their worker policies.
There has been a drop in IPOs in the U.S. the last 15 years, driven by a reduction of small IPOs.
The case was brought by an individual who was sued for fraud by the SEC.
It's not just the fiduciary rule that the DOL is reviewing.
The verdict is a victory for Wall Street and deals a blow to the regulator's enforcement powers.
A U.S. appeals court heard arguments in case that challenges the legality of the SEC's administrative court system.