Saturday, December 18, 2010

Industrial Bank: Directors also suspected of insider trading?.

Keywords: France industrial bank traders Ltd fraud brand

France Industrial Bank (Societe Generale) Director Robert Dee (Robert Day) 1/18/per share price of EUR 90.04 sold the row value 4,052 million euros of stock, France market regulator AMF said on Monday.

Earlier Monday, AMF published a paper showing that France Industrial Bank Director Dee earlier on 9 January the selling value 8,570 million euros of company stock. In addition, Robert A. Kelly Day and the Day the two funds also sell the value of the stock of 960 million euros.

AMF Monday, said France earlier Industrial Bank said it directors and sell the stock at the beginning of January without advance informed of any inside information.

Announced in this message, the line number of small shareholders to lift the insider trading and price manipulation.

AMF later in the week for the world brand laboratory (brand.) The response stated that the Industrial Bank of France confirmed that Kelly Day Foundation on 9 and 10 January announcement of the transaction, and on 11 January and AMF to communicate. Societe Generale Bank in France stated that the above transactions are in the dealer prior to the violation.

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