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.
Who watches the watchmen?
★
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.
Who watches the watchmen?