cuban.jpgWe are not Cuban fans. This should come as no surprise to long-time Dealbreaker readers. Be this as it may, we cannot, without comment, let pass the noise that is the SEC’s case against Cuban for “insider trading.” In fact, we might go so far as to say that the prosecution of Cuban is demonstrative of everything that is wrong with the SEC.

The SEC’s complaint fails to show that Cuban was barred from selling shares of Mamma.com Inc. in 2004 and seeks to expand the definition of insider trading, Ralph Ferrara, one of Cuban’s attorneys, told US District Judge Sidney A. Fitzwater in Dallas yesterday.

It seems almost expected that the “up only” philosophy of the markets would victimize the likes of Cuban. He’s everything the SEC hates. Outspoken. Possessed of a following. Short.
Cuban Asks For Dismissal [The New York Post]

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Comments (50)

  1. Posted by guest | May 27, 2009 at 1:16 PM

    Mark fucking rocks!!

  2. Posted by guest | May 27, 2009 at 1:17 PM

    Wow, his lawyers say the charges should be dismissed! Why is this not on the cover of the WSJ?

  3. Posted by guest | May 27, 2009 at 1:25 PM

    I will take Mongoloids that need to be punched in the face for $1000 Alex.

  4. Posted by guest | May 27, 2009 at 1:25 PM

    Kenyon Martin’s mother thinks this is bullshit and he should apologize to the SEC immediately.

  5. Posted by guest | May 27, 2009 at 1:25 PM

    Too Fidel; Didn’t Castro

  6. Posted by guest | May 27, 2009 at 1:34 PM

    I would like to see the average number of comments for EP vs. BL posts.

  7. Posted by guest | May 27, 2009 at 1:38 PM

    @6- because why?

  8. Posted by guest | May 27, 2009 at 1:40 PM

    #6 -funny you should ask – I just compiled that analysis early this morning… strange – -it can be viewed here..
    http://nces.ed.gov/nceskids/createAgraph/default.aspx?ID=a7d04aa6cd5443568a1700a03acaa35a
    Glad I could assist…

  9. Posted by guest | May 27, 2009 at 1:45 PM

    @8- my you have a lot of time on your hands.

  10. Posted by guest | May 27, 2009 at 1:51 PM

    why is the market selling off. SPX trades with 10 year now apparently?

  11. Posted by Seaman Bodine II | May 27, 2009 at 1:53 PM

    Seriously, who are “we”?

  12. Posted by guest | May 27, 2009 at 1:55 PM

    @8,
    6 here. Thanks!

  13. Posted by guest | May 27, 2009 at 1:58 PM

    @SBII- 1) it’s the royal we, a style used by many sites 2) eat a dick.

  14. Posted by merkin capital partners | May 27, 2009 at 2:11 PM

    @3 I think your comment was intended for a post about Sotomayor.

  15. Posted by Seaman Bodine II | May 27, 2009 at 2:14 PM

    @13
    it’s gay

  16. Posted by guest | May 27, 2009 at 2:14 PM

    This is why everyone in Texas is better than all of you.
    Dallas Big Killin It

  17. Posted by guest | May 27, 2009 at 2:15 PM

    @8
    Can I play?
    “Hickory Dickory Dock…”

  18. Posted by guest | May 27, 2009 at 2:21 PM

    On a side note. Anyone have a link for live streaming of the ManU-Barcelona final?

  19. Posted by guest | May 27, 2009 at 2:22 PM

    @17- wtf are you talking about?

  20. Posted by guest | May 27, 2009 at 2:23 PM

    The difference between a Dallas banker and an NYC banker is that the Dallas banker shouts “Fuck You!!!” AFTER he/she hangs up.

  21. Posted by guest | May 27, 2009 at 2:31 PM

    @20. how original

  22. Posted by guest | May 27, 2009 at 2:40 PM

    @8; your axes are mislabeled. Learn to graph.

  23. Posted by guest | May 27, 2009 at 2:58 PM

    @15, you calling Jeff Lebowski a gay, son?

  24. Posted by guest | May 27, 2009 at 3:00 PM

    @22 – I apologize for the mislabled axis’. It is difficult to graph accurately during spinal surgery.
    Dr. GoEffyourself

  25. Posted by merkin capital partners | May 27, 2009 at 3:19 PM

    @20..we’ll gladly accept that difference for the other one…take home pay.

  26. Posted by guest | May 27, 2009 at 3:33 PM

    @8
    I think you would also need to take into consideration the total number of comments per author. I think EP has a higher number of stories than BL. Not sure if that would influence the end results too much though.

  27. Posted by guest | May 27, 2009 at 3:43 PM

    @26 — you are right! dammit… Scalpel… suction… Suction!!! Nurse,, I am losing him…. Code Blue!! Code Blue!!
    26 – I will have to get back to you,,

  28. Posted by guest | May 27, 2009 at 3:44 PM

    “In fact, we might go so far as to say that the prosecution of Cuban is demonstrative of everything that is wrong with the SEC.”
    It’s a sad day in America when the rich and powerful can’t make a quick buck off insider information. What’s this country coming to when clueless day traders are on an even footing with the well-connected?

  29. Posted by guest | May 27, 2009 at 3:53 PM

    Being a Spinal Surgeon I should have known to dumb this dowm to the DB masses, My bad! Correction is as follows:
    http://nces.ed.gov/nceskids/createAgraph/default.aspx?ID=a7d04aa6cd5443568a1700a03acaa35a

  30. Posted by guest | May 27, 2009 at 3:57 PM

    labeling axes properly on a simple line graph must be hard. i feel for your patients.

  31. Posted by Novice | May 27, 2009 at 3:57 PM

    Maybe someone with a background in law could explain to us schlubs why trading on insider information is good by both the spirit and the letter of the law…
    you dropped the ball on this one by citing without comment the typical blowhard statements by counsel.

  32. Posted by guest | May 27, 2009 at 3:58 PM

    29
    Atrocity. Your original graph was sufficiently informative. Your revision has rendered it useless. Two separate graphs would be nice- one showing the total comments per author and the second showing the average comments per author per post.

  33. Posted by guest | May 27, 2009 at 3:59 PM

    #30 – YOU will pay cash for that comment.

  34. Posted by guest | May 27, 2009 at 4:04 PM
  35. Posted by guest | May 27, 2009 at 4:04 PM

    This is no good for Cuban. Last time EP was quoting some attorney about the evils of the government (remember the Chrysler bankruptcy), the attorney’s clients gave up the fight.

  36. Posted by guest | May 27, 2009 at 4:08 PM

    34- your data is not even correct. For example, total comments for BL being under 600 in ’09? try again. a sampling from just the last 4 days of posting:
    # We Need To Have A Chat: About Commenting On Dealbreaker
    200Comments
    # Michael Moore Presents: Financial Weapons of Mass Destruction…The Musical!
    90Comments
    # A Citi Shareholder Is Born
    78Comments
    # Caption Contest Monday: Make Bernanke’s A Double
    64Comments.
    Numbers are off for EP as well
    In sum: you suck.

  37. Posted by Novice | May 27, 2009 at 4:11 PM

    @36 He’s a doctor, dammit, not a statistician!

  38. Posted by guest | May 27, 2009 at 4:14 PM

    @37 – exactly – Thank you~!
    However, being a surgeon by day is no excuse for sloppiness!
    I must have left off a decimal during the cerebral-hemo-appendectomification I was just performing in a local Ferris Wheel accident.
    Here is the accurate graph:
    http://nces.ed.gov/nceskids/createAgraph/default.aspx?ID=a7d04aa6cd5443568a1700a03acaa35a

  39. Posted by guest | May 27, 2009 at 4:21 PM

    @38
    What about the non-sequitur comments? EP gets a lot of those, for example:
    http://dealbreaker.com/2009/05/the-capitalist-conflict.php
    Those 15 comments (the total for that post) should be disqualified. However, I must admit that it made a boring post truly comical. Unintended, but we come here for fun, don’t we?

  40. Posted by guest | May 27, 2009 at 4:26 PM

    I’m gonna give this one a simple old F*** the SEC those pieces of s*** who can’t do their f*****ing jobs worth a s***… Why don’t you stop going after Cuban and work on building a time machine so you can go back and compare the returns Madoff was getting with the money he was paying out like the G**d*mn m*****f****ing interns you are

  41. Posted by guest | May 27, 2009 at 4:28 PM

    Excellent points #39 – ask and you shall receive!
    For accuracy sake I have removed from contention and totals tally all comments mentioning the following references:
    Mayo
    First
    TL:DR
    “X”-Clops
    TGFD
    song parodies
    Mailroom guy comments
    Sham Wow
    Ass pounding secretariea
    Boones
    Count Vikula
    Furthermore I included “all” of the posts fitting the redacted comment references above back to the inception of this blog/site:
    The results are as follows:
    http://nces.ed.gov/nceskids/createAgraph/default.aspx?ID=a7d04aa6cd5443568a1700a03acaa35a

  42. Posted by guest | May 27, 2009 at 4:32 PM

    @41- total comments for ’09, 14 and 2? you suck at whatever retarded game you’re playing with yourself.

  43. Posted by guest | May 27, 2009 at 4:34 PM

    @41- jump off a cliff.

  44. Posted by Equity Private | May 27, 2009 at 4:36 PM

    Even now, he increases my comment count.

  45. Posted by guest | May 27, 2009 at 4:41 PM

    @41
    Keep your day job. Or maybe not.

  46. Posted by Novice | May 27, 2009 at 5:49 PM

    @ep
    Could you make that comment again, but with your hands steepled together and in a Montgomery Burns voice?

  47. Posted by Equity Private | May 27, 2009 at 5:57 PM

    Egg-ceeelent.

  48. Posted by Novice | May 27, 2009 at 6:04 PM

    @ep
    Thank you.

  49. Posted by guest | May 28, 2009 at 2:44 PM

    Mark will soon be Dancing With The Jailbirds…doing the backdoor mambo in the big house.

  50. Posted by guest | May 28, 2009 at 10:28 PM

    The SEC is really on a rampage and engaging in groundless prosecutions as a result of the heat its taking for its massive failures to catch real securities fraud.

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