Mark Cuban Takes on the SEC

If the SEC was looking for a public showdown, it picked the right target. The SEC is currently in court opposite Mark Cuban, the billionaire tech entrepreneur and brash owner of the Dallas Mavericks. Cuban is charged with insider trading over a 2004 stock transaction in an Internet company. He faces a fine of around $2 million, which for a man worth $2.5 billion is a pittance. But Cuban refuses to settle and admit to wrongdoing, and the SEC has recently been lashed in the press for settling cases too swiftly and without defendants’ admitting wrongdoing. Already making headlines for attempting to charm the jury and accusing an SEC employee of targeting him for a film he made critical of President Bush, Cuban will definitely make this a winner for the tabloids.