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Apple Lawyer Faces SEC Insider Trading Accusation (1)

Feb. 13, 2019, 4:45 PMUpdated: Feb. 13, 2019, 5:17 PM

Apple Inc.'s head of corporate law used insider information to avoid $382,000 in trading losses, the SEC said Feb. 13.

Gene Daniel Levoff made insider trades on at least three occasions in 2015 and 2016 to avoid hundreds of thousands of dollars in losses, the Securities and Exchange Commission said in a complaint filed in New Jersey federal court.

As Apple’s senior director of corporate law, Levoff was “responsible for ensuring compliance with the company’s insider trading policy,” the agency said.

An attorney for Levoff wasn’t listed on the docket and couldn’t be identified for comment.

Levoff is a graduate of Stanford Law School, where he served as senior article editor of the Stanford Law Review. He was admitted to the State Bar of California in December 2001.

The case is SEC v. Levoff, D.N.J., No. 2:19-cv-05536, complaint filed 2/13/19.

(Adds biographical information in fifth paragraph)

To contact the reporter on this story: Jennifer Bennett in Washington at

To contact the editor responsible for this story: Jo-el J. Meyer at