The U.S. Securities and Exchange Commision (SEC) has charged Dallas Mavricks owner Mark Cuban with insider trading. Cuban is being investigated for insider trading from when he was a shareholder of Mamma.com, now called Copernic (NASDAQ: CNIC). CNBC reported that Mark Cuban sold 600,000 shares, which saved him $750,000, after Cuban had insider knowledge on a dilutive equity offering.
The Mark Cuban insider trading story is still developing. I’m sure that we’ll hear more about this in the next couple of days.