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At a certain point the SEC needs to decide what it is doing here because Cuban is going to take a stand on principle and cannot be bullied into a settlement. Given the other issues the SEC is dealing with I wonder if its limited resources ought to be spent in this case since the whole Cuban situation comes down to a he said/she said issue. I think the SEC would do better to make its regulations and rules clear as to what the Company should have told Cuban in the first place in terms of limiting his trading activity when they floated the idea of the debt deal by him.
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Sep 24, 2010