How did the SEC get it this wrong? The judge throws out the Mark Cuban insider trading charges

“The charges of insider trading against Mark Cuban were always stupid. I blogged about those charges here. I noted the (public) evidence was only that the CEO of a cash strapped company (Mamma.com) had phoned him and told him that he was cash strapped. Mark Cuban sold his shares. The SEC charged him with insider trading but did not present any evidence that he was an insider. I noted that:”
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Related posts:

  1. Dallas Mavericks owner Mark Cuban wants SEC to pay his legal fees
  2. Manhattan Attorney Charges 14 With Over $20 Million in Hedge Fund Insider Trading
  3. Raj Rajaratnam Facing Insider Trading Charges
  4. Insider Trading Charges
  5. At Least 10 More To Be Charged In Insider-Trading Crackdown

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