One cliche thrown around is that tipping a golf buddy to material non-public information is an insider trading violation. The Securities and Exchange Commission just filed a case that proved that cliche true. Eric McPhail learned the expected earnings and major pending corporate developments at American Superconductor through a friend who is (was?) an executive … Read more »
Tag: golf
A Triumph Of Sports Ethics
With all of the fraud and corruption stories in the news, how about a feel-good story: J.P. Hayes. Mr. Hayes disqualified himself from a PGA Tour qualifying event when he realized he had accidentally used an unapproved golf ball for two shots. Not two rounds; Not two holes; two shots. By disqualifying himself he became … Read more »