Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Phil Mickelson & Carl Icahn in insider trading probe

Phil Mickelson & Carl Icahn in insider trading probe

US golf star Phil Mickelson and legendary activist Carl Icahn are being investigated by the FBI over insider trading, according to reports.

Las Vegas gambler William Walters is also said to be under investigation.

It is understood the FBI and Security and Exchanges Commission are trying to determine whether Mickelson and Walters may have traded Illegally on private information provided by Icahn.

The probe is allegedly focusing on one trade involving cleaning products company Clorox and another in relation to food and beverage firm Dean Foods. Both trades are believed to have taken place around 2011.  

‘I have done absolutely nothing wrong’, Mickelson said in a statement released over the weekend.

‘I have cooperated with the government in this investigation and will continue to do so. I wish I could fully discuss this matter, but under the current circumstances it's just not possible.’

His lawyer, Glenn Cohen, told reporters his client is ‘not the target of any investigation. Period.’

Meanwhile Icahn acknowledged he knows Walters but claimed he had never met Mickelson.

Ichan told Reuters: ‘I am very proud of my 50-year unblemished record and have never given out insider information.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter