Misc links (insider trading)

2015.10.06 - Mark Cuban - The SEC and the DOJ still don’t get it

If you want to make it fair and equal for everyone, all regulators have to do is 2 things

1.  Publish the rules as the DOJ and SEC see them 

The challenge for any investor of any size is that they don’t know the rules and have no place to find them  No one knows what insider trading is. You had to qualify all your comments as a result

Which also means regulators can charge anyone with anything and over power defendants with tax payer money

If the goal is to make markets fair, publish guidelines , obviously not laws, that anyone can look at to know if they are following the guidelines or not   

Lawbreakers who have broken the law should know they have broken the law.  I doubt that people at the end of a tippee chain know they have broken any laws or even have considered it.  How could they ?

2.  Let people call and ask questions like. “Is this alright to do. Yes or no “

I called the SEC and asked to ask a question. THey referred me to a website page that was a scan of a fax from 1980

I actually video taped this process.  Search my name and sec on YouTube   It’s ridiculous.  They will charge,  but they won’t help people avoid breaking the law.  How is that fair ?

Bottom line , if the goal of regulators is to make the markets fair, trusted and a place where companies can raise capital, their approach to bringing cases against uncertain laws is the worst way to accomplish those goals