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Trump’s favoring of light regulations for banks and other industries has created a climate that investors say has helped stocks. A Democratic-led House could bring greater oversight on industries such as pharmaceuticals and banks. With fresh oversight power, Democrats could inspect nearly every aspect of Trump’s presidency from his long-elusive tax returns to possible business ties with Russia and conflicts of interest military rank cufflinks uk sale. In the event the House attempts to impeach Trump, history suggests market volatility could spike, at least in the short term, according to OppenheimerFunds..

But, on the positive side for stocks, analysts doubt Democrats would be able to roll back the heart of the market-friendly changes, including the corporate tax cuts. The Democrats’ victory in the House could also benefit the market, some investors have said, by tempering Trump’s aims such as on international trade military rank cufflinks uk sale. Any pressure on stocks could be less severe because the stock market already endured a steep pullback in October from record highs, which some investors in part attribute to jitters over uncertainty about the election..

SINGAPORE (Reuters) – Goldman Sachs Chief Executive David Solomon said on Wednesday he felt “horrible” that two former employees “blatantly broke the law” in their dealings with Malaysian state fund 1Malaysia Development Berhad. U.S. prosecutors filed criminal charges against the two former Goldman bankers and a Malaysian financier linked to the alleged theft of billions of dollars from the fund. An investigation into where 1MDB’s money went became the largest carried out by the Department of Justice under its anti-kleptocracy program, and the scandal was a major reason why Malaysian voters rejected Najib Razak, their prime minister for nearly a decade, in an election earlier this year military rank cufflinks uk sale.

“It is obviously very distressing to see two former Goldman Sachs employees went so blatantly around our policies and so blatantly broke the law,” Solomon said in an interview with Bloomberg TV in Singapore military rank cufflinks uk sale. “I feel horrible about the fact that people who worked at Goldman Sachs, and it doesn’t matter whether it’s a partner or it’s an entry level employee, would go around our policies and break the law,” Solomon said. U.S. prosecutors announced last week that Tim Leissner, former partner for Goldman Sachs in Asia, had pleaded guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act, and agreed to forfeit $43.7 million..

Roger Ng, the other charged former Goldman banker, was arrested in Malaysia and is expected to be extradited military rank cufflinks uk sale. Reuters was not immediately able to contact Ng’s lawyer on Wednesday. His lawyer did not immediately respond to a request for comment after U.S. prosecutors unveiled the charges last Thursday. Goldman has also placed its former co-head of Asia investment banking, Andrea Vella, on leave over his role in the firm’s involvement with the case, pending a review of allegations, according to a person familiar with the decision..