Phil Mickelson, whom the SEC describes as a “successful professional golfer,” was not charged with insider trading earlier today. I wasn’t either, and I’m glad about that. And you probably weren’t either! High fives all around. But mostly, Phil wasn’t charged, and he’s really glad, because that guy was %$&*@! close to being charged with insider trading. Instead, he was merely named as a relief defendant in an SEC complaint filed today, and completely avoided criminal charges in a parallel case brought in the Southern District of New York.
‘Enforcement 40’ for 2020
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