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Mark Cuban Fires Off at the SEC


October 22nd, 2015 05:41 PM

On Tuesday in a WSJD interview, Mark Cuban the billionaire investor and star of the T.V. show "Shark Tank" targeted the SEC for failing startup IPO's saying

"My buddies at the SEC have screwed it up so bad that it's almost impossible to go public."

Cuban feels that the lack of oversight at the SEC later leads to over regulations after events occur such as the Bernie Madoff Ponzi Scheme.

Mark Cuban also says that regular investors can't safely invest in the stock market because of high frequency trading platforms.

"In the past we would have said put your money in the market," he said. "But if people don't think it's safe, they are not going to invest."

This combined with the fact that it is so hard for a small business to go public, he believes that 99% will never be able to compete with him as well as other multi billionaires.

Here is a great video we found of Mark Cuban talking about high frequency trading earlier this year when the market open and the DOW dropped 1000 points in second.

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Dr. Caskey has over 30 years experience as a trusted financial professional. Over the past three decades, he has helped scores of valued clients create, protect, and distribute wealth in an effort to greatly enhance their overall quality of life. He lives with his wife Jeannine in Firestone, Colorado. They have raised 5 kids and have 11 grandkids.

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*Disclaimer* - *Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus. By responding you may be contacted by an insurance agent. Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries. This website and its contents, downloads, videos and audio files are designed to provide general information on the subjects covered and is provided to you for informational purposes only. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Ron Caskey does not give legal or tax advice. Please consult your tax advisor or attorney. Ron Caskey is a registered and licensed insurance agent resident in the state of Colorado, non resident in multiple other states. This website focuses on insurance products in an attempt to avoid volatility. The term "Safe Money" should not be understood as signifying a guarantee or a guaranteed investment.*
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