Tech Billionaire Mark Cuban Argues Stock Regulators Hurt the Economy (sfgate.com)

Tech entrepreneur and investor Mark Cuban denounced America's stock-regulating agency on CNBC this week, arguing that they're reducing the number of companies going public with vague rules that are open-ended. "[W]here there's no clarity and no certainty on what to do in response to the SEC, you get people doing nothing or people avoiding going public or doing anything to avoid dealing with the SEC," Cuban said on CNBC. "And that's a real problem for up and coming companies and it's a problem for the economy as well."

Mary Jo White, the head of America's SEC, had appeared earlier in the week near Silicon Valley, according to Bloomberg, telling an audience at Stanford Law school to be wary of billion-dollar valuation IPOs and warning that founders and startup advisors preparing for an IPO should watch their internal controls, reporting and certifications. "They are doing what the SEC always does," Cuban complained on CNBC. "100 degrees of gray."

Comments

How quickly we forget the 90's

[known_coward_69]

And all the junk ipo's and stocks of the time. Going ipo back then was a way to cash out on junk companies by suckering the idiot peons into giving up their money Just like gambling

Mark Cuban is a douchenozzle

[PopeRatzo]

Mary Jo White, the head of America's SEC, had appeared earlier in the week near Silicon Valley, according to Bloomberg, telling an audience at Stanford Law school to be wary of billion-dollar valuation IPOs and warning that founders and startup advisors preparing for an IPO should watch their internal controls, reporting and certifications.

Sounds like pretty sound advice to me.

And Mark Cuban is a well-known douchebag who got lucky once and has been eating out on his good fortune ever since. And, he's one of the worst sports owners in the United States.

http://bustedcoverage.com/2009...

Re:Mark Cuban is a douchenozzle

[Anonymous Coward]

Cuban's views are probably influenced by SEC allegations against him of insider trading, for which he was cleared. He's actually a pretty good owner based on his willingness to try to provide a good fan experience and to do what it takes to put a winning team on the court. Yes, he got lucky by selling broadcast.com at the right time, but let's not pretend there wasn't a lot of hard work to put him in a position to receive such good fortune. Also, I like Cuban and Kevin O'Leary the best on Shark Tank. He's arrogant as hell, but entertaining and personable.