Mark Cuban is Innocent of Insider Trading

On Monday, the SEC filed a civil lawsuit against Mark Cuban claiming that Cuban engaged in insider trading. Cuban, the vivacious owner of the NBA’s Dallas Mavericks, responded by basically saying the SEC was carrying out a witch hunt. Most legal experts say that the billionaire owner will be forced to pay a fine of around one million dollars.
Although these allegations are serious, I have to side with Cuban. I don’t think he’s capable of making a good trade — which is what insider trading generally means. I mean, this is the same owner who approved a trade for Jason …read more