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Mr. Cuban called at the behest of Chris Clark, one of Mr. Musk’s lawyers who represented Mr. Cuban in his dispute with the SEC. He advised Mr. Musk on the phone that a settlement wouldn’t be as damaging as a court fight with the agency. “I explained where the SEC used questionable practices in my […]
The only way to reform what ails the Securities and Exchange Commission is to “burn it down and start again,” says Mark Cuban, billionaire entrepreneur, host of the television show “Shark Tank,” and the owner of the Dallas Mavericks. Cuban spoke on the same stage with former SEC commissioner Christopher Cox, who held the post […]
As I noted here, Mark Cuban was in D.C. yesterday to speak at an event sponsored by law firm Cooley LLP that focused on his SEC insider trading case. For whatever reason I assumed he would be headed out of town yesterday but it turns out that Cuban had other D.C.-based plans today — at the […]
Even on the NBA’s trade deadline, Dallas Mavericks owner Mark Cuban was willing to travel to Washington, D.C. and set aside an entire morning to voice his strong feelings about the work of the SEC–and specifically his recent “brutal” experience as a defendant in an SEC insider trading case. via Mark Cuban Visits D.C. to […]
Mark Cuban’s insider trading trial is long over but he is not finished engaging with the SEC. Cuban recently stated that he plans to launch a business that will collect and publish SEC trial transcripts highlighting SEC tactics he considers suspect. via Is the Mark Cuban Victory Lap Finished or Just Getting Started, Part II […]
During the process, Mr. Cuban says, he became so frustrated with the SEC’s lawyers that he is now considering a new venture publicizing SEC transcripts. “It wouldn’t be a big business, but it would be a business because it’s not getting done,” he says. “I’m going to get as many as I can, and I’ll […]
Cuban said he has reached out to [SEC Chair Mary Jo] White via “backdoor channels” for a face-to-face meeting, where he hopes to discuss how his ordeal can inform the SEC’s work. He said the agency measures success by its courtroom wins and losses without assessing whether these legal battles boost investor confidence or improve […]
The SEC has always been quite consistent about issuing Litigation Releases about new cases and following litigation victories, but it very rarely issues Litigation Releases about its losses. Today, however, the SEC did issue an unusual Litigation Release noting its defeat last week in the high-profile Mark Cuban insider trading trial. via SEC Issues Unusual […]
No one likes to lose, so the Securities and Exchange Commission is surely smarting from a jury’s decision absolving Mark Cuban, the billionaire owner of the Dallas Mavericks, of insider trading charges. Although the case garnered headlines, it is unlikely to have much effect on other investigations, and even has a potential silver lining for […]
Following yesterday’s verdict in his favor, Mark Cuban said the SEC needs to “think things through” when it comes to its newly-announced “Broken Windows” strategy. Cuban said his case helps show that there are often no bright lines for the public to follow when it comes to the securities laws. via Victorious Mark Cuban Says […]