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 U.S. Attorney for the Eastern District of New York is taking the lead in a Justice Department investigation of the bank's trading, a source familiar with the probe told Reuters.

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)

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