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SEC Charges Mark Cuban With Insider Trading
WSJ ^ | today | KARA SCANNELL

Posted on 11/17/2008 9:07:23 AM PST by OL Hickory

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To: Tublecane
Re: "I may be naive3, but tell me again why insider trading is a crime. Is it supposed to constitute fraud? For me, I want all the information I can get, I tell you."

Hmmm... I'm still fuming over the fact that Gary Winnick and Terry McAullif (spelling?) drained the Global Crossing "bank" for millions of dollars while "small" (@ $3,000) investors like me got left with stock worth less than used toilet paper.

If insider trading was not illegal then what you're presently seeing with today's crash and burn equities market would be a day at Disney World.

61 posted on 11/17/2008 2:22:53 PM PST by Trajan88 (www.bullittclub.com)
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To: lainie
So you leak information to a shareholder, he sells, and it’s somehow his fault?

Actually, it is - if the information is private and not generally known.

However, the fact that this allegation is from 2004 makes it highly suspicious.

62 posted on 11/17/2008 4:00:27 PM PST by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
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To: politicket

It might be a crime. To the actual insider! Not to the person who hears the gossip. Same trap Martha fell into.

Cuban: stfu. Martha only went down for “lying to investigators.” Say nothing to investigators!


63 posted on 11/17/2008 4:01:44 PM PST by lainie (The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
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To: OL Hickory

Maybe Mark could hire Martha Stewart as his personal advisor....


64 posted on 11/17/2008 4:01:52 PM PST by pointsal
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To: mlocher

Schadenfreude bump!


65 posted on 11/17/2008 5:13:19 PM PST by Hildy
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To: lainie

What are you talking about? What do you think INSIDER TRADING is? There’s a reason for insider trading laws...this is it..if there were no laws, only a few would benefit. Do you know anything about how markets work?


66 posted on 11/17/2008 5:14:55 PM PST by Hildy
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To: Hildy

When did you become so totally unpleasant?


67 posted on 11/17/2008 8:47:00 PM PST by lainie (The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
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To: Minn

Talk about irony.

I hope that was an attempt at humor and not calling me an idiot because I am a Cubs fan.


68 posted on 11/19/2008 1:36:17 PM PST by squidward
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