Apple’s former securities lawyer pleads guilty for doing the insider trading he was supposed to prevent

Illustration by Alex Castro / The Verge

A former Apple lawyer who was in charge of preventing insider trading has pleaded guilty to six counts of securities fraud for insider trading, according to a Department of Justice (DOJ) press release. Gene Levoff, once the company's former corporate secretary and director of corporate law, misappropriated material, nonpublic information about Apple's financial results and then executed trades involving the company's stock" from February 2011 to April 2016, the release says. Charges against him were initially filed by the SEC as a civil complaint in 2019.

Levoff also served on Apple's Disclosure Committee, a group that looked over company earnings reports and SEC filings before they were published. Using information he was privy to, he...

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