Mark Cuban Insider Trading Case: SEC Watchdog Probes Allegations Of Misconduct

Wall Street Journal:

The inspector general of the Securities and Exchange Commission is investigating allegations that enforcement staff engaged in misconduct in connection with the insider trading case filed last fall against Mark Cuban.

Read the whole story: Wall Street Journal

Comments

[Truelee]

If you're rich you have access to anything, including inside information you can use to have an advantage over other investors. This guy obviously didn't make his money the hard way like we all did, work!!!

[charger2]

He fell into it

[jeffp26]

Anyone who understand how wall street works knows that Cuban is guilty of insider trading.

This so-called "investigation" is another SEC smoke screen so he can get away with that crime.

Anyone with money can trade on inside information and get away with it. But if a poor fool tries that, he will be indicted and convicted so fast he won't know what happened.

Mary Schapiro is a fraud. She is corrupt. And I will say that to her face.

[KnowMore]

2004: James Moore, co-author of Bush's Brain (about Rove), goes on book tour with retired Texas Air National Guard Lt. Col Bill Burkett, who witnessed the scrubbing of W's military records to hide history of belligerence, favoritism and and time AWOL before 2000 election.
Burkett is contacted and given memos by mysterious source who then disappears.
Burkett does nothing with memos until GOP uses Swiftboat lies against Kerry, then contacts 60 Minutes II producer Mary Mapes, who co-broke Abu Gharab (with Seymour Hersh).
The instant Dan Rather airs memos, GOP operatives start powerful blitz on memo authenticity, and successfully strangle/punish Dan Rather (who had nailed Poppy Bush with Iran Contra questions in 1988 Presidential election interview), Mary Mapes (Abu Gharab producer), Lt. Col. Bill Burkett (witness to scrubbing), and, indirectly, James Moore.
Rather & Mapes lose jobs, all lose credibility, Bush/Rove silence media and steal a second election.
Mark Cuban courageously backs Dan Rather's investigative reporting on HDNet. Comcast refuses to carry HDNet.
2006: Rather busts open story on Sequoia 's special intentiona­lly-flawed ballots for Palm Beach Florida 2000 election. Undoubtedly much more, but not freely accessed.
2008: Bush's SEC goes after Mark Cuban (Rather's funding) on trumped up charges.
But now there's a break in the clouds. Here comes the sun. . .

[whitegayrepublican]

Bless you for helping me to make the connection and for the wisdom.

I knew there was a correlation dating back to Dan Rather and the whole election debacle of 2000 after remembering the rumors floating around the in a former life (from my days of "civil service").

Thanks for making it all makes sense.

[TJCole]

Dallas, convict him he's got to be guilty...!

[notconfindtweenhatnboots]

Of course this was political. This was every bit as political as GW B having Rather removed from CBS News. Once Dan Rather was working for Mark Cuban's HD Net, GW B decided to go after Cuban. It's the way he worked. (that and allowing his department of the interior employees to trade oil drilling rights for 'ex and 'rugs from Exxon.)

[brandnewstuff]

Thanks for the story - the blame game-