Mickelson Responds To Insider Trading Scandal: Will Return All Illegal Profits, “Move On”

Jon Alternative Media, Blogosphere, Government

Following today’s surprising SEC charge that alleged Phil Mickelson violated securities laws and illegally profited from insider trading to the tune of almost $1 million, here is the response his lawyers just sent out.
The SEC has now completed its investigation into that investment and has concluded that Phil Mickelson did not engage in any wrongdoing. The SEC has filed a civil complaint against certain individuals, including an acquaintance of Phil’s, but that complaint does not assert that Phil Mickelson violated the securities laws in any way. On that point, Phil feels vindicated. At the same time, however, Phil has no desire to benefit from any transaction that the SEC sees as questionable.

This post was published at Zero Hedge on 05/19/2016.