4 ms·

Why is this only a civil SEC investigation? This should also have an FBI / criminal component. Perhaps it is coming later like it did with Theranos and Experian

by anxman 8y ago

Why is this only a civil SEC investigation? This should also have an FBI / criminal component. Perhaps it is coming later like it did with Theranos and Experian.

dctoedt 8y ago
The WSJ article says there's a criminal complaint too, in New Jersey. https://www.wsj.com/articles/sec-accuses-ex-apple-executive-of-insider-trading-11550081111 https://www.wsj.com/articles/sec-accuses-ex-apple-executive-...
- anxman 8y ago
  I see a State level complaint. I'd like to see a Federal investigation also.
  - scott00 8y ago
    They are federal charges: "... according to the U.S. attorney’s office in Newark, New Jersey, which filed criminal charges against Levoff".
    - anxman 8y ago
      Niceeee
dragonwriter 8y ago
> Why is this only a civil SEC investigation? The civil SEC case normally comes first because the SEC investigation can have two outcomes, that often come together: civil charges by the SEC and a criminal referral to the Justice Department which then triggers a criminal investigation. But the referral itself is not generally public, and Justice doesn't usually talk a lot about investigations until/unless they file charges.
anxman 8y ago
Here we go: https://www.justice.gov/usao-nj/pr/former-director-corporate-law-global-technology-company-charged-insider-trading https://www.justice.gov/usao-nj/pr/former-director-corporate...