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Old 05-19-2016, 07:14 PM   #2
Parkview_Pirate
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For the rich, the rules are different

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

http://www.bloomberg.com/news/articl...-case-ioecyxd0

Quote:
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.
http://www.bloomberg.com/news/articl...nsider-trading

Quote:
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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