Phil Mickelson will pay back nearly $1 million he made off an insider trading incident currently involved in a federal lawsuit.
"Simply put, Mickelson made money that wasn't his to make," Andrew Ceresney, head of the SEC Enforcement Division, told media members Thursday.
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Mickelson was named in a federal insider trading lawsuit Thursday, alleging he made monry via information not publicly available.
Mickelson is repaying $931,738.12 in trading profits and $105,291.69 in interest to make amends, according to the Securities and Exchange Commission.
A five-time champion in major golf tournaments, Mickelson was named a "relief defendant" by the SEC in U.