Golf Icon Phil Mickelson Refutes Claims Of Insider Trading Involvement, Says, 'I Make No Trades Whatsoever'

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Mickelson is accused of informing the investors about an impending announcement that could potentially affect Sable’s stock price.The leaked call revealed that Sable CEO Jim Flores told select investors the company might need to raise up to $200 million by the end of 2025, information not publicly disclosed.The report alleges that Mickelson revealed non-public information after a discussion with the CEO of Sable Offshore, Jim Flores.In a post on X on Saturday, Mickelson refused the allegations and and accused the publication of “stock manipulation.”So a company says I can't say anything to you but we will announce something at the close. I don't know if it's a dilution and the stock goes down or a deal for the stock to go up. I have to wait to see what the info is, I make no trades whatsoever and am ultra ultra careful…“So a company says I can't say anything to you but we will announce something at the close. I don't know if it's a dilution and the stock goes down or a deal for the stock to go up. I have to wait to see what the info is, I make no trades whatsoever and am ultra ultra careful given past history. I don't even share that information is coming til after the close. And you insinuate wrong doing? This looks like stock manipulation on their part and slanderous. Did they make any trades today?” he wrote in the post.If these allegations are substantiated, Mickelson, who is a player for LIV Golf, could face serious legal consequences.Why It Matters: This is not Mickelson’s first brush with insider trading allegations. In 2016, he paid over $1 million to the SEC to settle a case related to insider trading involving gambler Billy Walters.Although Mickelson was not formally charged, he was identified as a “relief defendant” in the case.Read NextShort Report Alleges Dexcom Sold Faulty G7 Device Cited By FDAUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.This article Golf Icon Phil Mickelson Refutes Claims Of Insider Trading Involvement, Says, 'I Make No Trades Whatsoever' originally appeared on Benzinga.com© 2025 Benzinga.com. Benzinga does not provide investment advice. 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