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Golfer Phil Mickelson named in insider trading complaint

Associated Press
Published | Updated
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    FILE - In this May 29, 2014, file photo, Phil Mickelson reacts after making double bogey on the 17th hole during the first round of the Memorial golf tournament in Dublin, Ohio. The Securities And Exchange Commission is filing a complaint against Mickelson related to insider trading. The SEC says in 2012, high-profile sports bettor Billy 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. The SEC says Walters received tips and business information about Dean Foods Co. from former Dean Foods director Thomas Davis between 2008 and 2012. (AP Photo/Jay LaPrete, File) (The Associated Press)

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    FILE - In this June 12, 2014, file photo, Phil Mickelson, right, reacts to his tee shot on the eighth hole during the first round of the U.S. Open golf tournament in Pinehurst, N.C. The Securities And Exchange Commission is filing a complaint against Mickelson related to insider trading. The SEC says, in 2012 high-profile sports bettor Billy 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. The SEC says Walters received tips and business information about Dean Foods Co. from former Dean Foods director Thomas Davis between 2008 and 2012. (AP Photo/Matt York, File) (The Associated Press)

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    FILE - In this May 7, 2016, file photo, Phil Mickelson reacts as he misses a putt on the third hole during the third round of the Wells Fargo Championship golf tournament at Quail Hollow Club in Charlotte, N.C. The Securities And Exchange Commission is filing a complaint against Mickelson related to insider trading. The SEC says, in 2012 high-profile sports bettor Billy 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. The SEC says Walters received tips and business information about Dean Foods Co. from former Dean Foods director Thomas Davis between 2008 and 2012. (AP Photo/Chuck Burton, File) (The Associated Press)

NEW YORK – The Securities And Exchange Commission is filing a complaint against professional golfer related to insider trading.

The SEC says a gambler named William Walters received tips and business information about Dean Foods Co. from former Dean Foods 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.

Mickelson was not in the field of the Byron Nelson Classic in Irving, Texas, where play began Thursday morning. Calls to his representatives were not immediately returned.
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