Former Apple Executive Charged With Insider Trading By SEC

0
302
  • Gene Levoff, a former Apple executive, was charged by the Securities and Exchange Commission on Wednesday for insider trading in 2015 and 2016
  • He engaged in insider trading on three separate occasions netting him over $382k in profits

The SEC filed charges against Gene Levoff for insider trading on Wednesday. He was reported to have taken positions before 3 different earnings releases using insider information to make $382,000 in profits.

Levoff was a senior attorney with the tech giant whose duties included maintaining the company’s insider trading compliance efforts.

“Levoff’s alleged exploitation of his access to Apple’s financial information was particularly egregious given his responsibility for implementing the company’s insider trading compliance policy,” said Antonia Chion, Associate Director of the SEC’s Division of Enforcement.  “The SEC is committed to pursuing insiders who breach their duties to investors.”

 

NO COMMENTS

LEAVE A REPLY