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.”