Former Apple Lawyer Charged With Insider Trading

Gene Daniel Levoff, who was fired from his position as a corporate lawyer for the iPhone maker, faces criminal charges and a civil suit from the SEC

Dave Michaels and

Tripp Mickle

Updated Feb. 13, 2019 5:29 p.m. ET

The former Apple Inc. executive who enforced the company’s insider-trading policies was charged with criminally violating those rules by allegedly dumping over $10 million in stock before the company in 2015 announced it fell short of iPhone sales expectations.

Gene Daniel Levoff, who was senior director of corporate law at Apple until he was fired in September, used material nonpublic information that he learned on the job to illegally trade at least three times in 2015 and 2016 and avoid losses of about $377,000, according...