SEC Investigating Insider Trading of Apple Stock

The Huffington Post reports that the U.S. Securities and Exchange Commission (SEC) is investigating possible illegal insider trading of shares of Apple stock. Insider trading, or the buying and selling of stock by those with access to information not held by the general public, is closely regulated by the SEC.

Notably, the SEC is requesting information from brokers on trades made during four separate time periods, suggesting that there may be multiple suspected violations of insider trading regulations. Wall Street sources point to three probable areas of interest for the SEC:

--Whether anyone got an illegal lead on precisely how sales were faring on key items in Apple's highly successful Ipod product line.

--Whether anyone was given a precise insight into the health of the company's co-founder and CEO, Steve Jobs, a cancer survivor who took a six-month leave of absence last January and then received a liver transplant. Subsequent questions about the viability of his health then led to a great deal of volatility in Apple's shares.

--Whether anyone had exact knowledge of when specific releases would be made by the company with regard to Jobs' health or Ipod sales and pretty much of an awareness, as well, as to what those announcements would say.

The report cites one trader who noted that "it almost looked at times like the buyers and sellers were working at the company." Consequently, the SEC is looking to obtain information on the names of brokerage clients who traded in Apple stock during the time periods in question and who may have had access to non-public information about the company.

Related Stories

General black friday 20 sale feature 2

Best Black Friday Deals on Apple Watch, AirPods Pro, MacBook Pro, More

Wednesday November 24, 2021 8:06 am PST by
Black Friday 2021 has kicked off, and you can now get some of the year's best deals on numerous Apple products. In this article we're providing a quick summary of all the best sales we've seen so far this season. For more on the best sales happening this week, visit our Black Friday Roundup. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a...
iphone holiday

Best Black Friday iPhone Deals Available Today

Friday November 26, 2021 4:58 am PST by
Cellular carriers have always offered big savings on the newest iPhone models in holidays past, and Black Friday 2021 is no different. Right now we're tracking notable offers on the iPhone 13 and iPhone 13 Pro devices from AT&T, Verizon, and T-Mobile. For even more savings, keep an eye on older models like iPhone SE. Note: MacRumors is an affiliate partner with some of these vendors. When you...
airpods pro blue holiday 3

Black Friday: AirPods Pro With MagSafe Drop to $159 on Amazon

Tuesday November 23, 2021 9:12 am PST by
Amazon is now matching Walmart's price on the AirPods Pro with MagSafe, available for $159.00, down from $249.00. These are shipped and sold directly from Amazon, and although stock is low you can still get them in time for the holidays (mid December as of writing). Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a...
apple wallet drivers license feature

Apple Delays iOS 15 Feature for Adding Your Driver's License to Your iPhone Until Early 2022

Tuesday November 23, 2021 9:35 am PST by
Apple recently updated its website to indicate that an upcoming iOS 15 and watchOS 8 feature that will let you add your driver's license or state ID to your iPhone and Apple Watch in participating U.S. states has been delayed until early 2022. Apple previously said the feature would launch in late 2021. In September, Apple said Arizona and Georgia would be among the first states to introduce ...
airpods 3 blue holiday 2

Black Friday: AirPods 3 Hit Record Low Price of $149.99 ($29 Off)

Thursday November 25, 2021 6:10 am PST by
Amazon this morning has introduced a new record low price on the AirPods 3, available for $149.99, down from $179.00. At $29 off, this sale price beats the one that we were tracking earlier this week by about $5 and it's only available on Amazon as of writing. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small...
airpods pro pink holiday

Black Friday: AirPods Pro With MagSafe Hit Lowest Ever Price

Tuesday November 23, 2021 7:47 am PST by
Apple's AirPods Pro with the new MagSafe Charging Case is now available for its lowest ever price thanks to Black Friday sales. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running. The limited-time deal is available at both Amazon and Walmart, which are both...
apple watch cellular holiday

Best Black Friday Apple Watch Deals Available Today

Friday November 26, 2021 4:55 am PST by
The Apple Watch always makes a great gift around the holiday season, and for Black Friday 2021 we're tracking a few solid offers on numerous models of the Apple Watch. In this article, you'll find the best Black Friday sales on the new Apple Watch 7, but the best money-saving discounts will be found on older models like the Apple Watch Series 3 and SE. Note: MacRumors is an affiliate partner...
iPads black friday 20 sale feature

Best Black Friday iPad Deals Available Today

Friday November 26, 2021 4:48 am PST by
Although Black Friday sales began as early as October in 2021, the shopping holiday is now officially underway and we're highlighting the best sales for each of Apple's product lines. In this article, you'll find the best Black Friday sales on iPad Pro and iPad mini. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a...