Insider Trading and the NBA

Dallas Mavericks Owner Charged With Insider Trading:

http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/111808dnbuscuban.1c00744a4.html

This is not good press for the NBA and does not paint a good picture for other NBA team owners. Our textbook states insider trading refers to buying or selling stocks based on nonpublic information likely to affect stock prices. I believe insider trading is unfair and Mark Cuban should be heavily punished for his actions.