Apple Lawyer Responsible For Enforcing Insider Trading Policy, Pleads Guilty to Years of Insider Trading
Get Alerts AAPL Hot Sheet
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
Join SI Premium – FREE
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
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Apple (AAPL) option IV into events
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
Create E-mail Alert Related Categories
Hot List, Insider Trades, Litigation, Trader TalkRelated Entities
EarningsSign 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!