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

Apple Lawyer Faces SEC Insider Trading Accusation (1)

Jennifer Bennett
Associate Legal Intelligence Reporter
Andrew Ramonas
Andrew Ramonas
Securities Regulation Reporter

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 ...

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