Mark Cuban's insider trading case is dismissed

Ya'll can go to mamma.com and see it's a piece of shit....

I'm not that smart, but any "investor" in this stock is a fool trying to relive tech boom fantasies circa 1998.

Cheers
 
Its the CEO who disclosed material info to just one shareholder rather than releasing the info publicly, who should be being dragged into court by the SEC. Its the rest of the shareholders who were left in the dark that were wronged.
 
This case has NOTHING to do with "insider trading". It was a purely political taxpayer funded witch hunt by a dallas based republican fagot inside the SEC.

Mark Cuban was the target of a Bush appointed faggot inside the SEC

In a press release (and in a post on his blog), Mr. Cuban accused the S.E.C. of being “infected by the misconduct of the staff of its enforcement division,” but did not discuss details of the suit.

A person close to Mr. Cuban provided what he said was one of a series of e-mail messages from Jeffrey B. Norris, an S.E.C. lawyer in Fort Worth, who accused the billionaire of being unpatriotic for helping to finance a movie named “Loose Change.” In the e-mail message, Mr. Norris described the movie as a “vicious and absurd documentary” that “posits that President Bush planned the demolition of the World Trade Center as a pretext for going to war against Iraq.”


These bushite fagots are a cancerous lesion on our Democratic process and constitutional rights. Hang 'em all, Hang 'em high should be everyone's motto.





Quote from GTG:

The insider trading charges were probably politically motivated. Mark Cuban had been a vocal and public critic of the SEC prior to the charges being brought against him. Keep in mind, that at the time the charges were being brought against Mark Cuban, multiple people had allready written to the SEC warning about Bernie Madoff and the SEC chose not to pursue an investigation against Madoff. The SEC is such a joke.
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We should be proud of the the SEC for not allowing a high profile businessman to get away with these misdeeds. All this time, I thought they weren't doing their job!
 
There is no way to substantiate what he did. His lawyers were better than the SEC's. Just like OJ's were better than the LA public prosecutors. If he were not a 5% holder, than it might be different. Seeing that he was an 'insider', all 13D (5% holders) are considered insiders already simply by the size of their holdings according to securities laws and are subject to certain restrictions different from smaller shareholders, there is no doubt that he acted on 'material non-public information'. These laws are in place to protect the other shareholders and purchasers of stock. Even with regards to research now, Reg. FD (Full Disclosure), insures that all shareholders receive analyst info at the same time. There is no doubt that he violated not only the law, but the 'spirit' of the law.

Besides law, ethically what he did was so wrong. As one of the largest shareholders, the CEO had the respect to call him and say we are selling stock tomorrow and want to give you the first crack at it. He declined and acted as a 'frontrunner' in selling his stock first. This is such a scumbag thing to do. This is the equivalent of horse-thievery. This guy has not one ounce of chivalry in his body.

If Morgan Stanley called us and said they were a seller and we ran out and sold stock in front of them, besides potentially being in trouble, it is wrong at its core. One of the problems with Wall St. in general today. Used to be 'your word was your honor', now we have guys like this as major shareholders crapping all over CEO's and us, - the investing public. Glad the Mavericks got their ass-kicked in playoffs. If not jail, I hope he rots in hell!
 
Quote from Tide31:

Besides law, ethically what he did was so wrong.
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Hey, Mr. Hollier-Then-Thou, I wonder what you would have done, had you been in Cuban's place?

Please ellaborate....
 
Quote from Pekelo:

Hey, Mr. Hollier-Then-Thou, I wonder what you would have done, had you been in Cuban's place?

Please ellaborate....
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Seeing as I'm a FINRA 24, I would not have sold that's for certain, I know the rules. He is a cheater, he should suffer some sort of pain. The SEC doesn't go after you for fun or political reasons, they only go after cases that are cut and dry violations. He will only be able to skirt this at low level. Judge was intimidated, next step up the ladder in appeals process this won't be the case. Its not a level playing field for all of us when someone acts on this sort of info. Sorry to hear you for one implied you would have also broken the law. Old saying on Wall Street; "Texan's Lie". Guess you are a Maveriks's fan!
 
Quote from Tide31:

Guess you are a Maveriks's fan!
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Generally, I don't give a shit about basketball. My point was that most of us would have done the same as he did.

Maybe a little bit in a more sophisticated way like buying a shitload of options instead of selling the stock outright, but we would have wanted to protect our investment....
 
These conservative assholes aren't pissed at Cuban selling on the information. They're pissed he "got away" after dissing their half-witted monkey of a president.


Cuban did the right thing. He owned a little less than 5% so there is no way the dallas based bush appointed idiot could make insider-trading stick.

What I want to know is what this idiot inside the SEC was doing about Madoff. A few SEC lawyers were caught watching porn while at work. I want to know if this imbecile is one of them. I think so.




Quote from Pekelo:

Generally, I don't give a shit about basketball. My point was that most of us would have done the same as he did.

Maybe a little bit in a more sophisticated way like buying a shitload of options instead of selling the stock outright, but we would have wanted to protect our investment....
More...
 
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