At the end of October 2013 I wrote here about an interesting interview with Mark Cuban immediately following his victory over the SEC in the trial of his insider trading case. In the interview (at the 4:12 mark), Cuban said that he "didn't win anything today-- I just got started today," and I wondered what Cuban might have planned beyond the shots he had already taken at the SEC in various interviews and on his blog following his victory.

One of the things that Cuban did in October was to post copies of SEC emails and snippets of deposition transcripts from his case that he believed made the SEC look bad. Based on an interview with Cuban published December 27 in the WSJ, Cuban may be planning to expand on this idea by collecting and publishing SEC transcripts from other cases:

It wouldn't be a big business, but it would be a business because it's not getting done," he says. "I'm going to get as many as I can, and I'll put it out there." His first step, he says, would be publishing trial transcripts on his blog and highlighting tactics he considers suspect. "Sunshine is the best disinfectant," he says with a smile.

The WSJ article does not provide much detail on Cuban's plan, other than to note that Cuban believes that the SEC's lawyers fly under the radar because the public is only really familiar with SEC Chair Mary Jo White. "No wonder they say or do whatever they damn well please," he told the WSJ. "I'm like, 'OK, I'm going to start calling them out by name.'"

The WSJ reports that George Canellos, Co-Director of the SEC's Division of Enforcement, issued the following statement in response to Cuban's statements:"Mr. Cuban's comments are without merit and uncalled for. Our lawyers acted in the finest traditions of government counsel and entirely appropriately in strongly advocating the position of the government in this matter."

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