US public prosecutors reported former Apple lawyer with insider information.
Gene Levoff accused of using confidential information
A. Levoff, who was responsible for compliance with Apple's insider trading policy, has been accused of violating these policies several times.
Apple released him last year when he was contacted by authorities and an internal investigation.
The US Securities Exchange Commission (SEC) said that Levoff was in a position to make a difference between 201
Levoff allegedly made use of his access to Apple's financial information to be extremely extraordinary, given his responsibility for the implementation of the company's internal information. Antonia Chion, Director of the SEC Enforcement Unit, said in a statement.
"SEC is committed to making investors violate their responsibilities.
2011 And 2012 Apple's former corporate law director earned $ 245,000 (£ 193,801) in profits from insider information, SEC said
. Levoff also traded Apple's securities against three quarterly earnings announcements in 2015. 2016 Around $ 382,000 in profits and losses avoided.
Taxes up to a maximum of 20 years imprisonment and a fine of up to $ 5 million