Wednesday, 1 April 2015
Last updated 8 min ago
Jun 12 2014 | 10:54am ET
Golfer Phil Mickelson did not trade shares of Clorox Co. in advance of Carl Icahn’s 2011 bid for the company, another hole in an already shaky insider-trading probe.
Federal prosecutors and the Securities and Exchange Commission are looking into whether Mickelson and gambler William Walters traded on tips from Icahn about his planned activities; Icahn and Walters are golfing buddies, as are Walters and Mickelson. Authorities were already facing a difficult time building a case before news of the two-year-old investigation broke two weeks ago, preventing the Federal Bureau of Investigation from moving forward with plans to employ wiretaps.
Now, The New York Times reports, it has emerged that Mickelson did not even trade Clorox shares, among those at the center of the probe. He still faces an investigation into well-timed trades made in Dean Foods shares, as does Walters.
Icahn, Mickelson and Walters have all denied wrongdoing. “I don’t give out inside information,” Icahn said, pointing to “an unblemished record” over 50 years.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…