U.S. has not notified SocGen director about probe

WASHINGTON (Reuters) - U.S. regulators have not notified Societe Generale director Robert Day that they are investigating the stock sales he made before the French bank announced billions of dollars in losses by a single trader, Day's spokesman said on Tuesday.

The Department of Justice is also looking into Day's trading activity, a source close to the investigation told Reuters on Monday.

Day and the foundations sold about $140 million of the bank's stock about two weeks before Societe Generale notified its board about the $7.3 billion in trading losses, the Journal said.

Societe Generale has already said that Day's sales were during a window of time when such trades were permitted under the bank's trading policies for directors.

(Reporting by Rachelle Younglai; Editing by Andre Grenon)

WhatsAppFacebookTwitterLinkedinBeloudBluesky