Mark Cuban: The SEC is ‘useless’

“Had the SEC really wanted to make the markets safer, they would publish bright line guidelines,” Cuban said in the new interview. “For instance, there’s no specific law on insider trading. There are only legal precedents that have been set as a result of various cases that the SEC has brought … If you’re just an investor, you have no idea.”

Cuban made his latest comments on the SEC to Editor-in-Chief Andy Serwer in a conversation that aired on Yahoo Finance on Thursday, May 23, in an episode of “Influencers with Andy Serwer,” a weekly interview series with leaders in business, politics, and entertainment.

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