Insider trading is explained in Chapter 10, pages 368-373, as buying or selling stocks of businesses using information that comes from an inside person and is not known to the public. The buyer or seller may have information that would dramatically impact the price of stocks.
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For discussion this week, please share your opinion related to golfer Phil Micklesons apparent involvement in the Dean Foods insider trading. In your opinion, please explain if you feel Mickleson is guilty or not of insider trading. Please try to include some material from your textbook reading to help support your opinion. Do not include websites or other materials from sources other than your textbook.
Respond to classmate below
Good afternoon professor and class, hope all is well. I think Phil Mickelson knew what was going on and should have been prosecuted. I think cause he was a big name in golf they chose to leave him alone. I think he know what was going on cause he knew that Walters was a big gambler and Davis was over the inside trading. He owed Walters some money, so he probably told him you owe me so this is a good chance to pay me back without using your golf money. He probably told him I got a guy on the inside and it’s a sure win. Mickelson probably agreed but told them to just leave my name out of it. His name carried the most weight so he had the most lose. I would have felt he was not not guilty if he had just met him, but h knew Walters for awhile. He was also introduce to Davis so he wasn’t a stranger. I think golfers are smart cause majority attend good schools so telling me you didn’t know what you was doing is wrong. Do you think if Mickelson was a black golfer he would have been charged? we all know blacks don’t get the benefit of the doubt
