The Securities & Exchanges Commission is on a mission: More high profile cases to prove its worth.
Mark Cuban, acquitted two years ago of insider trading in a contentious SEC case, has this to say about that:
1)How bad is rhe SEC that they have a PR push going – SEC pursues high profile cases via @FortuneMagazine http://t.co/XVOYx7f0zl
— Mark Cuban (@mcuban) August 10, 2015
2)SEC NEVER talks about markets being safer or confidence in markets .That it’s easier to raise capital. That’s their job.
— Mark Cuban (@mcuban) August 10, 2015
3)instead they share #of cases brought. Totally irrelevant to the goal. Very relevant to lawyers leaving the sec #fullemployment
— Mark Cuban (@mcuban) August 10, 2015
4) the sec is run by lawyers. Until that changes they will miss macro problems and we will get more over reach laws that hurt us all
— Mark Cuban (@mcuban) August 10, 2015
Photo: Keith Allison