Mark Cuban publicly challenges SEC in media blitz
A not guilty ruling may have gotten the SEC off of Cubans back, but unfortunately for the Commission, the billionaire isnt done fighting yet.
November 21, 2013 at 07:01 AM
3 minute read
The original version of this story was published on Law.com
Mark Cuban already won one major victory against the Securities and Exchange Commission (SEC) in late 2013 when a district court ruled that he was not guilty of accusations of insider trading with Mamma.com stock. That ruling may have gotten the SEC off of Cuban's back, but unfortunately for the Commission, the billionaire isn't done fighting yet.
Mark Cuban has undertaken a media blitz over the past week, attempting to get an audience before SEC Chairman Mary Jo White, hoping to explain his displeasure with the SEC's enforcement policies. Cuban believes that he was unfairly targeted for insider trading because of his celebrity status, and he believes that the SEC has not found the correct balance in how to truly regulate the market.
“I'd like to just sit down with her,” Cuban told The Washington Post. “They are trying to make the markets fair, but they just don't know how to get there.”
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