Icahn No Longer Under Investigation For Insider Trading: WSJ

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Mark Melin
Published on
Updated on

Hedge fund manager Carl Icahn is no longer the source of a Department of Justice investigation into insider trading, as the investigation shifts to a former Chairman of Dean Foods, The Wall Street Journal is reporting. Icahn had been associated in investigation of golfer Mickelson and gambler Walters Icahn had been associated with an SEC and DoJ investigation into insider trading tips that involved professional golfer Phil Mickelson and gambler Billy Walters.  Icahn was suspected of providing non-public information to Walters regarding holdings he had in the stock of Clorox. In 2011, at the time Mickelson and Walters placed their…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.