PAYBACK: Mark Cuban Crashes SEC Speech, Tweets Out His Opinion

Mark Cuban showed up unexpectedly at a speech by Securities and Exchange Commission Chair Mary Jo White this morning and has tweeted out his reaction to her speech:

enjoying the chair woman's remarks at SEC Speaks in 2014 pic.twitter.com/yDnPT28DDE
— Mark Cuban (@mcuban) February 21, 2014

I'm impressed by the @sec chairwoman's confidence and salesmanship .
— Mark Cuban (@mcuban) February 21, 2014

Unfortunately when it comes to her comments on enforcement she showed a lack of self awareness. But to her credit she is selling hard.
— Mark Cuban (@mcuban) February 21, 2014

All of the @sec chairwoman's references so far are to sec generated metrics. Never to 3rd party or independent observations or research.
— Mark Cuban (@mcuban) February 21, 2014

The @SEC chairwoman has mentioned funding so many times I feel like I'm being pitched at a fund raiser.
— Mark Cuban (@mcuban) February 21, 2014

.@sec in her close she mentioned that she was open to input and how important such input was. I have some ideas :)
— Mark Cuban (@mcuban) February 21, 2014

. The SEC does a detailed analysis of the impact of rules . shouldn't they apply the same standard to insider trading ? #SECSpeaks
— Mark Cuban (@mcuban) February 21, 2014

#SECSpeaks SEC PhD econonmist bragging about how they now carefully check variables in spreadsheets that litigants provide them. #relief
— Mark Cuban (@mcuban) February 21, 2014

#SECSpeaks SEC is finally using XBRL filings in reviews . that's a good thing. I actually blogged about this 6 years ago
— Mark Cuban (@mcuban) February 21, 2014

Just got a very uncomfortable shoutout from Commissioner Aguilar. #SECSpeaks #Cubanisinthebuilding #heyyyy
— Mark Cuban (@mcuban) February 21, 2014

"should errors in code be the basis for enforcement actions?" wow. #SECSpeaks
— Mark Cuban (@mcuban) February 21, 2014

followup - it could chill innovation , response = enforcement will use discretion . #SECSpeaks # scary # we are the sec and here to help

— Mark Cuban (@mcuban) February 21, 2014

In October, Cuban was cleared by a Texas jury of charges brought by the SEC that he was prompted by non-public information in his sale in 2004 of shares in Mamma.com. Though even if he did, it is outrageous to think this should be a crime. See: Judge Needs a Lesson in Finance and Economics

Go Mark!