Mark Cuban and Insider Trading
It has been a tough year for Mark Cuban. The Mavericks are a disaster and will be for years to come thanks to the idiotic Jason Kidd trade. Major League Baseball does not want his money. America did not care if he could dance. Now comes word that the SEC is investigating him for insider trading. I’ll break it down for you non Gordon Geckos out there.
The SEC is the Security and Exchange Commission and not the Southeastern Conference. They regulate the stock market and do not give a shit that Alabama allowed star football player/retard Forrest Gump to graduate. Insider Trading is similar to when the assistant manager at Golden Corral whispers to you that they do not have anymore Salisbury steak in the back. This allows you to load up with 9 “steaks” on your plate leaving none for your wife. Pretty simple and nobody gets hurt but the poor slob behind you. In Cubans case, the poor slob was the jackass that bought his shares of stock for 750k more than they would have if they bought the next day when the news became public. What does all this mean to Cuban? He will probably have to pay the 750k gain back and a fine on those gains. So, it is going to be like you leaving a penny in the ash tray at 7-11. Not a big deal. Move on. Nothing to see.