SEC v. Gene Daniel Levoff (insider trading, 2024)

Judgment entered

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In July 2024 the Securities and Exchange Commission announced that the District of New Jersey granted it summary judgment against Gene Daniel Levoff, a former Apple senior attorney who traded Apple securities ahead of three 2015 and 2016 earnings announcements, with combined profits and losses avoided of about $382,000. The court ordered a $1,147,440 penalty, three times that figure, an injunction and an officer and director bar, and deemed disgorgement satisfied by a criminal forfeiture; he pleaded guilty in a parallel case in June 2022.

The record

What was ordered

Civil penalty

$1.1m

Disgorgement

—

Prejudgment interest

—

Total relief

$1.1m

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this judgment on July 8, 2024 as release LR-26045, in a District of New Jersey case filed February 13, 2019; summary judgment was granted on July 2, 2024.

The court found that Levoff, who sat on the committee reviewing draft earnings materials and ran the company's insider trading compliance, violated Section 10(b), Rule 10b-5 and Section 17(a) of the Securities Act. His parallel criminal plea was in United States v. Levoff.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2024-07-08 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.