It was a golf fan/television viewer who knew his rules and wrote in via a blog, â€œSo I guess there were no LPGA officials on hand at the event to tell her she couldnâ€™t do that?â€ The â€œthatâ€ was LPGA golfer Juli Inksterâ€™s use of a weighted donut to warm up after a 30-minute delay in play.Â Rule 14-3 says that practice devices are prohibited during play. The LPGA officials looked at the video and disqualified Ms. Inkster from the Safeway Classic.Â At the time, Ms. Inkster was just three behind the tournamentâ€™s first-place golfer and offered her explanation, â€œIt had no effect on my game whatsoever.â€Â So, why do it?Â Why the rule if practice devices are irrelevant?Â
If you walk into Safeway and swipe a box of donuts, the fact that you didnâ€™t eat those donuts is irrelevant.Â If you would have traded in the companyâ€™s shares anyway does not excuse the solicitation and receipt of inside information from company officials. And then thereâ€™s this one from so many leaders at companies that went south, â€œI never sold any of my shares.â€Â Why would you?Â You believe your fraud can keep or get that share value going and hanging onto your shares does not negate fraudulent financial reporting. Lack of benefit, effect, or impact is an odd defense that is refuted easily by the act itself.