Mark Cuban charged by SEC for looting, err, insider trading

Full story at WSJ

Christopher Clark, a lawyer for Mr. Cuban:

“We’re shocked. We find it incredible that given all the important issues that the SEC has to address with regard to today’s economy they’ve sought to bring a $750,000 case relating to a he-said she-said about one trade against a person whose integrity has never been questioned before with regard to the securities markets.”

Sounds like an excuse someone would use if arrested for looting… “The city is burning down and you’re arresting me for taking this television!?”

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