Mark Cuban, internet zillionaire and owner of the Dallas Mavericks is now dancing with the SECâ€¦
As we allege in the complaint, Mamma.com entrusted Mr. Cuban with nonpublic information after he promised to keep the information confidential. Less than four hours later, Mr. Cuban betrayed that trust by placing an order to sell all of his shares,
Iâ€™m dubious of the crime of insider trading. Nobody has to buy or sell the stock in question. Everybody has different information, stock market people constantly try to get the information edge and usually do.