Be sure to thoroughly explain your answer. must be at least 250 words, and your
assertions in your thread must be supported with at least 1 scholarly resource (cited in
current Bluebook format).
Forum 5
(Module
8)
Mark Cuban was accused of insider trading relative to his investment in
Mamma.com. Securities and Exchange Commission v. Cuban, 620 F.3d 551
(5th Cir. 2010). What would you have done in his situation? Do you think he
did anything wrong? Is insider trading wrong anyway? What does the Bible
say about all of this? Is it within the biblical jurisdiction of the civil magistrate?
DISCUSSION BOARD GRADING RUBRIC
Criteria
Levels of Achievement
Content
(70%)
Advanced
90-100%
Proficient
70-89%
Developing
1-69%
Not
present
Total
Thread:
Content
31.5 to 35 points
All key components of the
Discussion Board Forum
prompt are answered in the
thread. The thread has a clear,
logical flow. Major points are
stated clearly. Major points are
supported by good examples or
thoughtful analysis supported
by at least one scholarly,
academic source.
24.5 to 31 points
Most of the components of the
Discussion Board Forum prompt
are answered in the thread. The
thread has a logical flow. Major
points are stated reasonably well.
Major points are supported by
good examples or thoughtful
analysis supported by at least one
scholarly, academic source.
1 to 24 points
The Discussion Board Forum
prompt are addressed minimally.
The thread lacks flow or content.
Major points are unclear or
confusing. Major points are not
supported by examples or
thoughtful analysis by at least
one scholarly, academic source.
0 points
Not present
Replies:
Content
31.5 to 35 points
At least two replies. All key
components of the Discussion
Board Forum reply
requirements are satisfied in the
replies. The replies have a clear,
logical flow. Major points are
stated clearly. Major points are
supported by good examples or
thoughtful analysis.
24.5 to 31 points
At least two replies. Most of the
components of the Discussion
Board Forum reply requirements
are satisfied in the replies. The
replies have a logical flow. Major
points are stated reasonably well.
Major points are supported by
good examples or thoughtful
analysis.
1 to 24 points
Missing a required reply. The
Discussion Board Forum reply
requirements are satisfied
minimally. The replies lack flow
or content. Major points are
unclear or confusing. Major
points are not supported by
examples or thoughtful analysis.
0 points
Not present
Structure
(30%)
Advanced
90-100%
Proficient
70-89%
Developing
1-69%
Not
present
Total
Thread:
Grammar
and Spelling,
Bluebook
13.5 to 15 points
Spelling and grammar are
correct. Sentences are complete,
10.5 to 13 points
Spelling and grammar has some
errors. Sentences are presented as
1 to 10 points
Spelling and grammar errors
distract. Sentences are
0 points
Not present
Format,
Word Count
clear, and concise. Paragraphs
contain appropriately varied
sentence structures. References
are cited in current Bluebook
format. Minimum word count
of 150 to 250 words is met.
well. Paragraphs contain some
varied sentence structures.
References are cited in some
current Bluebook format.
Minimum word count of 50 to 149
words is met.
incomplete or unclear.
Paragraphs are poorly formed.
References are minimally or not
cited in current Bluebook
format. Minimum word count of
1 to 49 words is met.
Replies:
Grammar
and Spelling,
Bluebook
Format,
Word Count
13.5 to 15 points
Spelling and grammar are
correct. Sentences are complete,
clear, and concise. Paragraphs
contain appropriately varied
sentence structures. References
are cited in current Bluebook
format. Minimum word count
of 100 to 150 words is met.
10.5 to 13 points
Spelling and grammar has some
errors. Sentences are presented as
well. Paragraphs contain some
varied sentence structures.
References are cited in some
current Bluebook format.
Minimum word count of 50 to 100
words is met.
1 to 10 points
Spelling and grammar errors
distract. Sentences are
incomplete or unclear.
Paragraphs are poorly formed.
References are minimally or not
cited in current Bluebook
format. Minimum word count of
1 to 49 words is met.
0 points
Not present
Professor
Comments:
Total:
/100
INSIDER TRADING
Name
Institution
2
INSIDER TRADING
Insider trading is using non-public information obtained by virtue of one's position in a
corporation to trade. This is deception. It is prohibited since it is against the expectations of
shareholders (Roger. 2020). Insider trading is unethical since it seeks to promote the benefit of
one individual. However, if I were in Mark Cuban’s position, I would have done the same. I
would have sold Mamma.com’s shares. Certainly, I would not wait until the company sells its
shares at a price below the market price. If I waited for this, I am the one who would have made
the loss. Although it is clear that the information which Cuban used was non-public information,
his action does not amount to insider trading. Essentially, Cuban was not in any position in
Mamma.com. He was just a minor shareholder. Although he was a friend to Mamma.com’s
CEO, he is not the one who looked for the non-public information that he traded with. Moreover,
CEO did not give Cuban the information he gave him so that he can trade with it. Certainly, what
Cuban did is what any reasonable shareholder would do if, in any way, he or she senses that his
or her interests are at risk (Roger. 2020). Thus whatever he did was not wrong. However, insider
trading is wrong since it benefits one person at the expense of others. Bible forbids insider
trading. According to the bible, insider trading is wrong. This is because it makes an individual
gain wealth hastily. Bible says that wealth gained in such a way shall dwindle easily. It is better
to get little wealth in the right way that will increase. Therefore, this case is within the biblical
jurisdiction of the civil magistrate.
3
References
Roger M. White, Insider Trading: What Really Protects U.S. Investors?, 55 Journal of Financial
and Quantitative Analysis, 4, 1305-1332 (2016).
