Gambler Charged in Insider Scheme: What Happens Next?

The video discusses the legal case involving Tom Davis and Billy Walters, focusing on insider trading allegations. It highlights Phil Mickelson's role as a relief defendant in SEC charges, emphasizing the legal complexities and recent court decisions affecting insider trading prosecutions. The video also covers the ex-Dean Foods chairman's guilty plea, motivated by financial issues and gambling debts, and his cooperation with the investigation.

What challenges do prosecutors face in proving insider trading according to the recent court decisions?

What factors might have influenced Tom Davis's decision to cooperate with the investigation?