Mark Cuban Responds To SEC Charges
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The SEC charged Mark Cuban with insider trading from when he was a shareholder of Mamma.com, now called Copernic (Nasdaq: CNIC). It is alleged that Mark Cuban sold his 600,000 shares which saved him $750,000, after Cuban had insider knowledge on a dilutive equity offering.
Cuban responded to the allegation today on his blog, blogmaverick.com. Mark Cuban said, "I am disappointed that the Commission chose to bring this case based upon its Enforcement staff’s win-at-any-cost ambitions. The staff’s process was result-oriented, facts be damned. The government’s claims are false and they will be proven to be so."
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Cuban responded to the allegation today on his blog, blogmaverick.com. Mark Cuban said, "I am disappointed that the Commission chose to bring this case based upon its Enforcement staff’s win-at-any-cost ambitions. The staff’s process was result-oriented, facts be damned. The government’s claims are false and they will be proven to be so."
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