Greed is good…
According to Reuters, Dallas Mavericks owner Mark Cuban has been charged by the SEC(Securites Exchange Commission) with insider trading in shares of search engine Mamma.com. While insider trading is illegal, and the same offense that landed Martha Stewart in jail, many feel Cuban will catch a seven figure fine, and this story will go away by the holidays.
But I couldn’t help to be reminded of the movie “Wall Street” which starred Michael Douglas as Gordon Gecko, who rose to power on insider trading, and later was brought down on it.
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