The U.S. regulator is planning a look at the suspicious stock dumping by key Societe General shareholder, Robert A. Day.

Day has stated that he has not yet received a formal notice of inquiry from the SEC, but he is already the subject of a lawsuit in France, brought on behalf of minority shareholders of Societe Generale.

Day has previously suggested that his parting with the stock was due to the recent sub prime mortgage market woes the timing, fortuitous given SocGens's subsequent revelations, has certain raised eyebrows about who knew what when.

-- MDT

Labels: e, Jerome Kerveil, Jerome Kerviel, Robert Day, Societe Generale