FBI Investigating Phil Mickelson for Insider Trading

The professional golfer responded to the claims, saying "I have done absolutely nothing wrong."
1:46 | 05/31/14

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Transcript for FBI Investigating Phil Mickelson for Insider Trading
the famous golfer under the microscope. Part of an insider trading case. Phil Nicholson is responding. Here's ABC news's chief business kor son dent, Rebecca Jarvis. Reporter: Phil Nicholson Teed off today. One of the most popular best known pro golfers in the world known for winning the master's three times in his short game. But tonight mickleson is in the spotlight for another reason. The FBI and sec confirmed they are pursuing an insider trader probe involving Nicholson. Las Vegas gambler Billy Walters and billionaire investor Carl icon. Federal investigators are investigating specific trades in Clorox stock. Investigating whether icon was attempting to take over the company could have tipped off his buddy and whether Walters who owns a number of golf courses then tipped off Mickelson. If some friend told him it would be a good idea, he has no idea where that information is coming from. It's not insider trading. Reporter: Today mickleson faced the press after the tournament. I have done nothing wrong. That's why I have been fully cooperating with the FBI agents and I'm happy to do so in the future, too. Reporter: Ikon said the same. Telling the New York times that to suggest he did anything wrong is quote, irresponsible. Billy Walters had no comment. And tonight ABC news is learning no arrests are imminent. Investigators say they are still in the evidence-gathering phase. A high burden of proof. Always great to have you with us on a weekend.

This transcript has been automatically generated and may not be 100% accurate.

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