Matt Levine, Columnist

SEC Protects Integrity of Markets, Also Golf

BREAKING: Insider-trading golfer also enjoys steak. Also: You may have a fiduciary duty to your golf buddies.

A while back I wrote:

I received some angry correspondence over that line,1 and I am now prepared to retract it. Apparently golfers don't walk around exchanging stock tips in the open air. They exchange stock tips over e-mail: