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Old 05-19-2016, 06:14 PM   #2
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Parkview_Pirate's Avatar
Join Date: Jan 2015
Posts: 1,624
For the rich, the rules are different

Looks like Phil Michelson gave back almost a $1M to stay out of prison in this case.

The three-time Masters Champion made almost $1 million from the 2012 trading, according to a complaint Thursday by the U.S. Securities and Exchange Commission. The SEC termed him a “relief defendant.” That means Mickelson wasn’t accused of wrongdoing, but was named in the complaint to recover his profits.

Until the Supreme Court clarifies insider trading law, the public will be left to ponder why some skate free and others don't.
I guess Martha Stewart could have stayed out of prison if she'd been a card-carrrying member of the LPGA....
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