Phil Mickelson pulled driver when he should have hit 4-iron, and he's in trouble for it. The Securities and Exchange Commission has filed a complaint against Mickelson for insider trading, according to Market Watch and the Associated Press.
The gist of the story is that the SEC named Mickelson as a "relief defendant" for using tips on Dean Foods from gambler William "Billy" Walters to profit nearly $1 million.
From the SEC filing against Philip Alfred Mickelson.
Mickelson bought, partially on margin, a total of 200,240 Dean Foods shares, a $2.