Pro-golfer Phil Mickelson faces insider trading probe

Professional golfer Phil Mickelson is being sued by the US Securities and Exchange Commission (SEC) over claims he profited from an insider trading scheme.

The SEC has also alleged in its civil suit that a gambler named William Walters received tips about Dean Foods from the firm’s former director, Thomas Davis, between 2008 and 2012.

The SEC claims Mr Walters called Mickelson, who owed him money, in 2012 and urged him to trade Dean Foods stock. The SEC says Mickelson did so the next day and made a profit of $931,000 (€830,000).