Mark Cuban Charged With Insider Trading

Mark Cuban has always said he hates to lose and that passion for "not losing" has him in hot water with the SEC.  The WSJ is reporting that Cuban sold his 6% stake in (now Copernic ticker CNIC) just one day ahead of a tip in 2004 that the company was prepared to dilute the shares through a private investment.   The stock dropped 10%, saving Cuban 750K in losses.

Cuban discussed his purchase of a bit in a blog post at Blog Maverick in March of 2004.

More details emerging…

The SEC alleges that in June of 2004 invited Cuban to participate in the stock offering after he agreed to keep the info confidential, but Cuban knew the offering would be dilutive so within hours instructed his broker to sell his entire position. 

One thought on “Mark Cuban Charged With Insider Trading”

  1. Growth stocks are characterized by strong growth rates. The small cap companies are supposed to maintain an above of 10% growth rate for its last five years and the bigger or the blue chip companies need to record a neat 5% to 7% growth rate. They must also produce a substantially sound return on equity.

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