Breaking News
Investing Pro 0
💎 Access the Market Tools Trusted by Thousands of Investors Get Started

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

Published Jun 30, 2022 12:51PM ET Updated Jun 30, 2022 05:02PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Apple Lawyer Responsible For Enforcing Insider Trading Policy, Pleads Guilty to Years of Insider Trading
 
AAPL
+0.74%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Davit Kirakosyan

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.

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

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Viren Patel
Viren Patel Jun 30, 2022 5:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
who the F insider trades to make 220k... loser
nick cage
nick cage Jun 30, 2022 5:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Exactly what I thought.
Jun 30, 2022 5:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I thought the same thing. For a meager of 200k and risk of jail time. Very stupid for a big corporate lawyer
Jeff Matthews
Jeff Matthews Jun 30, 2022 5:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Martha Stewart.
Joe Wiggs
Joe Wiggs Jun 30, 2022 5:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Break the law and now he will be held accountable.
John Kelley
John Kelley Jun 30, 2022 5:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
shouldve been in congress, then you won't be held accountable
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email