Ex-Apple Lawyer in Charge of Enforcing Compliance With the Company’s Insider Trading Policies Sentenced to Probation for Insider Trading

David Thomas, reporting for Reuters:

Apple’s former top corporate lawyer will receive no prison time after pleading guilty last year to U.S. insider trading charges, a judge said on Thursday. U.S. District Judge William Martini in Newark, New Jersey, sentenced Gene Levoff to four years of probation and 2,000 hours of community service. Levoff was also ordered to pay a $30,000 fine and forfeit $604,000. [...]

Levoff ignored quarterly “blackout periods” that barred trading before Apple’s results were released and violated the company’s broader insider trading policy that he himself was responsible for enforcing, prosecutors said.

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★ Friday, 8 December 2023