Monday, January 28, 2008

Insider Trading at SG?

Bakchich reports that in the days before the scandal broke, trading in shares of Société Générale increased nearly fourfold. Since the scandal erupted, the shares have declined 20 percent in value.

LATER: See also here.

1 comment:

Anonymous said...

Everybody should read the PV (procès verbal) of the interrogation of Kerviel in Le Monde today. It's a fascinating document.

http://www.lemonde.fr/economie/article/2008/01/29/jerome-kerviel-ma-hierarchie-fermait-les-yeux_1005103_3234.html#ens_id=975400

Of course his own version, but very revelatory of the way SG worked (works).