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Prosecutors not probing SocGen insider trading
PARIS |
PARIS (Reuters) - Paris prosecutors have decided not to open an investigation into allegations of insider trading at Societe Generale and are seeking advice from the French markets regulator AMF, a prosecutor said on Wednesday.
A lawyer representing around 100 small SocGen shareholders said earlier this week he had complained to police about possible insider trading after it was revealed a SocGen director sold about a million shares on January 9 and January 10.
SocGen said the manager sold the shares well before a rogue trading scandal was uncovered.
(Reporting by Thierry Leveque; writing by Crispian Balmer)
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