Anonymous ID: a81f3c Feb. 13, 2019, 12:24 p.m. No.5158834   🗄️.is 🔗kun

Waiting for the lawyer's "I didn't know it was illegal" defense.

 

https://www.reuters.com/article/us-apple-levoff-insidertrading/u-s-charges-former-top-apple-lawyer-with-insider-trading-idUSKCN1Q226D

 

As co-chairman of Apple’s disclosure committee, Levoff helped Chief Executive Officer Tim Cook and his predecessor, Steve Jobs, ensure the timeliness, accuracy and proper oversight of company disclosures, including financial results, according to authorities.

 

Despite this, prosecutors said Levoff bought and sold more than $14 million of Apple stock, including $10 million in July 2015 alone, after being given draft earnings materials but before the results were made public.

 

Apple said in a statement it had terminated Levoff after an internal probe, and that it trains employees about their legal obligations.