Cuban's New Cyber Dust App Unlikely To Rattle SEC

Law360, New York (April 9, 2014, 5:20 PM EDT) -- Fresh off his insider trading victory against the U.S. Securities and Exchange Commission, billionaire investor Mark Cuban has been busy touting his new disappearing message app Cyber Dust as a way to thwart the agency and others from unfairly twisting private communications, but white collar attorneys have their doubts.

The Dallas Mavericks owner and "Shark Tank" star's vocal promotion of the app has been coupled with a series of barbs aimed at the SEC, which unsuccessfully accused him of insider trading in a case resolved in October. In particular, he has taken aim at what he called the blatant distortion of...

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