Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading

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Insider Trading News

William Martini,Apple,Gene Levoff

The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S. Securities...

FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in New York - The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S. Securities and Exchange Commission civil case, a federal judge ruled on Tuesday.

Levoff pleaded guilty to securities fraud in June 2022, and was sentenced by Martini in December to four years of probation, 2,000 hours of community service and a $604,000 forfeiture.In court papers, Levoff called the fine unnecessary, saying he had been punished enough and made no effort to hide his stress-induced trading, which he labeled "self-sabotage."

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