Insider dealing charges likely to follow Societe Generale’s case / Martin
03/02/2008. Tags: AMF, banking, France, insider tradingMr. Robert Day, a member of the French bank’s board, disposed of a million shares on January 9 and 10, plus a further 500,000 on January 18, according to official disclosures of the Autorite des Marches Financiers (AMF), French market regulator.
A billionaire is likely to face a criminal investigation into insider dealing after selling £100 million of shares just days before Societe Generale’s rogue-trader losses were disclosed.
The AMF is investigating the case after complaints by minority shareholders who claim some protected themselves at the cost of less influential investors.
