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Mark Cuban to SEC: Go after high-speed trading, not insider trading

Reuters – Dallas Mavericks owner and prominent investor Mark Cuban is never shy about criticizing the U.S. Securities and Exchange Commission and its failure to prevail in its high-profile insider-trading case against him last fall. As it turns out, he is equally passionate about high-frequency trading, too.

At a lively private event in Washington on Thursday [Feb. 20] held by Cooley LLP, one of the law firms that helped defend his case, Cuban told a small group of lawyers that the SEC should stop wasting its time focusing on insider-trading cases and turn its attention to rapid-firing computer trading instead.

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