“Levoff’s alleged exploitation of his access to Apple’s financial information was particularly egregious given his responsibility for implementing the company’s insider trading compliance policy,” Antonia Chion, associate director of the SEC’s division of enforcement, said in a statement.
“The SEC is committed to pursuing insiders who breach their duties to investors.”
In 2011 and 2012, Apple’s former head of corporate law made $245,000 (£193,801) in profits by engaging in insider trading, the SEC said.
Mr Levoff also traded Apple securities ahead of three quarterly earnings announcements in 2015 and 2016, making approximately $382,000 in combined profits and losses avoided.
The charges carry a maximum sentence of 20 years in prison and a fine of up to $5m.