SEC, Justice Opens Probe Into SocGen Stock Sales: Report
SAN FRANCISCO — The Securities and Exchange Commission open an probe into stock gross revenue by a plank member of Societe Generale , The Wall Street Journal reported Monday on its Web site. The paper said the Department of Justice as well started an investigation into the banking company. Societe Generale is the French bank where scalawag trader Jerome Kerviel was allegedly responsible for a USD 7.2 000 000 000 deprivation in unauthorised trades.