Insider Trading and the Case of Pro Golfer Phil Mickelson: Understanding the Legal, Ethical, and Social Responsibility Consequences
DOI:
https://doi.org/10.20448/807.2.3.112.130Keywords:
Insider trading, Inside information, Trading, Mickelson, Insiders, Tippers, Tippees, Relief defendant, Ethics, Morality, Social responsibility, Securities and exchange commission, SEC.Abstract
Understanding how to trade legally can keep investors and ordinary citizens from legal difficulties. This writing focuses on the legal as well as ethical and social responsibility consequences of the “Mickelson case” of alleged insider trading of stocks. In this case, legal concepts and ethical theories related to insider trading as well as notions of social responsibility are provided for critical thinking in order to educate readers as to the basic precepts and concepts. The writing is in the form of a “case study,” and thus detailed discussion questions are provided for educational and training purposes. As such, this case provides the legal concepts related to inside information trading for instructors and trainers to understand the importance of proper investing, morality and ethics, and social responsibility affecting management. The case can be used in management, finance, business law, ethics, and/or strategy, and particularly sports management, marketing, law, and ethics type courses.
