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SocGen duo in insider probe
FRANCE’s market watchdog began an insider trading probe against two Société Générale executives, including high-flying Jean-Pierre Mustier, who announced his resignation from the French bank yesterday.
SocGen said it had been told by Mustier and non-executive director Robert Day that they had each been advised by the French financial regulator of insider trading proceedings against them.
SocGen said both men reject the allegations and added that the bank did not comment on ongoing individual procedures.