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</a> A federal jury today found that the Dallas Mavericks owner didn't trade on confidential information nine years ago when he sold almost $8 million of stock in a company called Mamma.com. A little fish facing such allegations might have settled with the Securities and Exchange Commission. But Cuban is a billionaire and thus can afford to defend himself, and he did it well. His final witness was Erik Sirri, who led the SEC's division of market regulation and trading from 2006 to 2009. Here's a link to the Bloomberg News article summing up the SEC's unsuccessful closing argument. Maybe the SEC someday can explain why it targeted Cuban but not anybody from Lehman Brothers.
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