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

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.

U.S. District Judge William Martini in Newark, New Jersey, said that while Gene Levoff “was not living excessively, his violations were nonetheless especially egregious” given the lawyer’s former role enforcing Apple’s insider trading policies.