Mark Cuban Charged with Insider Trading

Has Mark Cuban been Charged with Insider Trading?

I am getting numerous emails and IMs from my friends in the financial world that Mark Cuban was just charged with insider trading for Mamma.com shares.  I have not been able to find anything that confirms this yet.  Ill post more once additional information comes to light.

In the meantime, check out all the people twittering about this

http://search.twitter.com/search?q=mark+cuban

Update: http://online.wsj.com/public/us The WSJ has this story as breaking news on their homepage

Update II: Nov. 17 (Bloomberg) — Billionaire Mark Cuban, the owner of the Dallas Mavericks basketball team, was sued by U.S. regulators over claims he made illegal insider trades in shares of Internet search company Mamma.com Inc.      The Securities and Exchange Commission’s civil suit, filed today at federal court in Dallas, seeks to impose unspecified fines and confiscate gains from the trades in 2004, the agency said in a statement.  –Editors: Otis Bilodeau  To contact the reporter on this story: David Scheer in New York at +1-212-617-2358 or dscheer@bloomberg.net.  To contact the editors responsible for this story: Otis Bilodeau at +1-212-617-3921 or obilodeau@bloomberg.net