Apple Lawyer Responsible For Enforcing Insider Trading Policy, Pleads Guilty to Years of Insider Trading

June 30, 2022 4:51 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Gene Levoff, former director of corporate law of Apple Inc. (NASDAQ: AAPL), pleaded guilty to illegally trading for years on confidential revenue and earnings filings, Bloomberg News reports.

Levoff, who joined the company in 2008 and was responsible for enforcing the company’s insider trading policy, admitted he regularly traded on inside information between 2011 and 2016.

According to the prosecutors, Levoff, being the co-chairman of Apple’s disclosure committee, used the information in draft filings before they were released to the US Securities and Exchange Commission and made $227,000 in profit and avoided losses of $377,000.

By Davit Kirakosyan

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Hot List, Insider Trades, Litigation, Trader Talk

Related Entities