BerkeleyBob

Oh Mamma.com: SEC Charges Mark Cuban With Insider Trading

I agree the SEC has been inept at the minimum and more likely as myopic as Inspector Cleuseau. Most of the significant enforcement activity came from the former NY AG, E. Spitzer. We don't know what the evidence will establish but we do know that 3/4 of a million is not pocket change but a small fraction of Mr. Cuban's net worth. Misplaced priorities? Probably. Was Martha Stewart guilty? Yes. Is Mark Cuban? We don't know yet but we do know that Hank Greenberg, the former CEO of AIG is still loudly bellowing about his innocence. The failure of the SEC to police the hedge funds, toxic CDO's and fraudulent credit ratings has done much more to impair investor confidence in a transparent an orderly market than anything Mr. Cuban did or allegedly did.