Sunday, November 30, 2008

Mark Cuban and the SEC Improper Trading Investigation

I blogged about the SEC investigation of suspicious trading by its employees. An unusual story, and something that you would excpect a securities attorney to be interested in, and to be blogging about.

But Mark Cuban is blogging about it too! Yes, the billionaire Maverick owner and defendant in an insider trading case is blogging about the investigation.

After complimenting the SEC for "casting such a critical eye at itself" he made a point of repeating, and highlighting, the allegation that the staff engaged in a retaliatory investigation of a company after it publicly complained about naked short selling.

That would get an SEC defendant's attention, and it did.

The SEC « blog maverick
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