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Mark Cuban already won one major victory against the Securities and Exchange Commission (SEC) in late 2013 when a district court ruled that he was not guilty of accusations of insider trading with Mamma.com stock. That ruling may have gotten the SEC off of Cuban’s back, but unfortunately for the Commission, the billionaire isn’t done fighting yet.
Mark Cuban has undertaken a media blitz over the past week, attempting to get an audience before SEC Chairman Mary Jo White, hoping to explain his displeasure with the SEC’s enforcement policies. Cuban believes that he was unfairly targeted for insider trading because of his celebrity status, and he believes that the SEC has not found the correct balance in how to truly regulate the market.