SEC names Phil Mickelson relief defendant in insider trading case

May 19, 2016 2:37 PM

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The U.S. Securities and Exchange Commission has named five-time majors golf champion Phil Mickelson a relief defendant in an insider trading case.

Bloomberg reports that Mickelson profited almost $1 million from the trading, according to an SEC case filed Thursday. The relief defendant designation is important because it means that the SEC is not pressing criminal charges, rather it is simply asking Mickelson to return the money.

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