The former executive, who oversaw compliance with insider trading rules, was accused by the S. E. C. of profiting on nonpublic information.
SAN FRANCISCO — A former senior lawyer at Apple who oversaw the company’s insider trading policies was himself accused of insider trading by federal prosecutors and securities regulators in complaints made public on Wednesday.
The Securities and Exchange Commission said in a suit that Gene Levoff, a former senior director of corporate law and a corporate secretary at Apple, repeatedly traded on inside information from 2011 to 2016.
The S. E. C. said Mr. Levoff violated insider trading laws three times from 2015 to 2016. On one occasion, Mr. Levoff sold roughly $10 million of Apple stock — nearly his entire holdings — from his personal brokerage account four days before Apple announced quarterly earnings on July 21,2015.
In a related action, federal prosecutors in New Jersey charged Mr. Levoff with one count of securities fraud in a criminal complaint.
The company’s stock price fell 4 percent after the earnings report, in which Apple revealed it had fallen short of analysts’ estimates for iPhone sales.
Mr. Levoff had already seen a draft of the announcement and avoided about $345,000 in losses by dumping his Apple shares before the official announcement, the S. E. C. said. But since the end of 2016,Apple’s share price has increased 47 percent.
Kevin Marino, Mr. Levoff’s lawyer and a principal at the law firm Marino, Tortorella & Boyle, said he was reviewing the allegations against Mr.
