Mark Cuban’s Wish List For Reforming the SEC

If you recall, Mark Cuban beat an insider trading charge by the Securities and Exchange Commission last year. He’s still on the warpath against the agency.

In a recent article, he set forth his wish list for SEC reforms:

“When people have confidence in the markets.

When small companies are excited to go public again.

When there are bright-line insider-trading rules that are easy to understand.

When anyone can call the SEC and get clarification about any rule before they make a trade.

When we have confidence there won’t be any more flash crashes or worse.

When everyone accused by the SEC can get a trial by jury.

When the SEC adheres to the Brady Rule, where they are required to produce exculpatory evidence.”
https://www.washingtonpost.com/business/economy/cuban-on-his-crusade-against-the-sec–and-when-hell-be-satisfied/2016/03/17/619d9e9a-ebae-11e5-b0fd-073d5930a7b7_story.html

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Dodd Frank, FINRA, fraud, Funding Portals, Investments, Legislative Intent, penalty, SEC, Small Business, unfair and deceptive practice, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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