Vanguard's move was seen by analysts as a potential game-changer for the U.S. actively managed funds industry that would increase competition and push down costs.
Richard Bernstein, the CEO of RB Advisors, says that Stanley Fischer's resignation only complicates decision-making by global investors and business leaders.
"I am not comfortable that the American investing public understands the substantial risks that we face systemically from cyber issues," SEC Chairman Jay Clayton said.
Richard Cordray's Labor Day speech was seen as a potential first step toward running to replace John Kasich, who is unable to run for reelection due to term limits.