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Home > General > The Cantina (Moderator: JDerion) > Did he learn nothing from Martha Stewart?

Did he learn nothing from Martha Stewart?

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Author Topic: Did he learn nothing from Martha Stewart?  (Read 173 times)
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Fuzzy
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Did he learn nothing from Martha Stewart?
« on: November 17, 2008, 10:19:16 AM »
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WASHINGTON - Federal regulators on Monday charged Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.

The Securities and Exchange Commission filed a civil lawsuit against Cuban in federal court in Dallas. The agency alleged that in June 2004, Cuban was invited to get in on the coming stock offering by Mamma.com Inc. after he agreed to keep the information private.

The SEC said Cuban knew the shares would be sold below the current market price, and a few hours after receiving the information, told his broker to sell his entire stake of 600,000 shares in the search engine company before the public announcement of the offering.
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"Chilly is my guy.  Chill out, people.  We have a lot of season left.  Just chill out." - Jared Allen

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spacey
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Re: Did he learn nothing from Martha Stewart?
« Reply #1 on: November 17, 2008, 10:41:00 AM »
Dumas.
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Clive
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Re: Did he learn nothing from Martha Stewart?
« Reply #2 on: November 17, 2008, 10:58:03 AM »
He was busy while that was going on:
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stroh
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How the *fudge* do I know?

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Re: Did he learn nothing from Martha Stewart?
« Reply #3 on: November 17, 2008, 05:27:15 PM »
Billionaire looks to avoid 750k loss?    Scratches Head

Granted, I ain't got billions let alone tree qwatahs of a million, so............



whatevs.....
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gleek
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Re: Did he learn nothing from Martha Stewart?
« Reply #4 on: November 17, 2008, 05:56:45 PM »
Insider trading: it's not a good thing
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Darla
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Re: Did he learn nothing from Martha Stewart?
« Reply #5 on: November 17, 2008, 09:13:51 PM »
saw that earlier and lol!
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