Monday 20 November 2017

US golfer Phil Mickelson named in insider trading complaint

Phil Mickelson.
Phil Mickelson.
2006 Masters champion Phil Mickelson Photo: Getty Images

The US Securities and Exchange Commission (SEC) is filing a complaint against professional golfer Phil Mickelson related to insider trading.

The SEC says a gambler named William Walters received tips and business information about Dean Foods from the firm's former director Thomas Davis between 2008 and 2012.

In 2012, the SEC says Walters called Mickelson, who owed him money, and urged him to trade Dean Foods stock. The SEC says Mickelson did so the next day and made a profit of 931,000 US dollars.

Mickelson was not in the field of the Byron Nelson Classic in Irving, Texas, where play began on Thursday morning.

More to follow

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