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Phil Mickelson Charged with Insider Trading: Latest Comments and Reaction

On Thursday, the Securities and Exchange Commission charged golfer Phil Mickelson with insider trading for allegedly receiving tips on a stock.

According to Steve Goldstein of MarketWatch, gambler William "Billy" Walters allegedly gave the 45-year-old Mickelson a tip on Dean Foods after former Dean Foods chairman Thomas Davis provided Walters with the information.

Mickelson reportedly made around $931,000 in one week after buying $2.4 million in Dean Foods securities.

Per ESPN's David Payne Purdum, Mickelson was not charged criminally and is instead part of a civil lawsuit.

According to Dan Wolken of USA Today, he was the subject of some suspicious activity after not previously being a significant player in the stock market:

Phil Mickelson only had $250k in the stock market, bought $2.