The SEC alleges that Levoff, on at least three occasions in 2015 and 2016, traded Apple stock relying on insider information. [Critics call on Apple and Google to shut down Saudi app that can restrict women’s travel]“Levoff breached his duty of confidentiality to Apple and its shareholders and exploited corporate information for his own benefit,” the lawsuit states. As the head of Apple’s corporate law office, Levoff was in charge of ensuring that employees complied with the company’s policy on insider trading, the SEC said in the compliant. The SEC also alleges that Levoff has a history of insider trading beyond the three instances in 2015 and 2016. In those instances, the lawsuit states, Levoff made about $245,000 in profit.

Source: Washington Post February 13, 2019 17:51 UTC