The Effects of Insider Trading

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.

Please read the article https://www.golfdigest.com/story/phils-insider-trading-escape

For discussion this week, please share your opinion related to golfer Phil Mickleson’s 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.