Apple Lawyer Responsible For Enforcing Insider Trading Policy, Pleads Guilty to Years of Insider Trading
- Nasdaq closes lower as chipmaker Micron's warning renews tech rout
- Citi’s Top Equity Strategist Warns Analysts are Too Bullish on Stocks
- Bank of America Clients Continue to Buy the Rally, New Data Shows
- Novavax (NVAX) Crashes 30% After a Deep Guidance Cut, Analyst 'Frustrated'
- 'Hard to Say' Whether Current Crypto Bear Market is Over - Morgan Stanley
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 StreetInsider.com Premium Free!
You May Also Be Interested In
- Apple (AAPL) survey indicates that there are currently no impacts on the supply chain of the iPhone 14 models - Analyst
- Shift (SFT) to Merge with CarLotz (LOTZ)
- DOJ Poised To Sue Google (GOOGL) Over Ad Market As Soon As September - Bloomberg
Create E-mail Alert Related CategoriesHot List, Insider Trades, Litigation, Trader Talk
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!