Corporate insiders may wear white shirts, clean ties, and suits that cost more than most people’s monthly rent… but for most, it is all a front.
Some Wall Street insiders are so dirty that they’re willing to risk it all JUST TO WIN.
Even if it means jeopardizing their cushy jobs.
Take Apple’s former senior director of corporate law and corporate security for example. The Apple exec — Gene Levoff — was in charge of the company’s insider trading policy. Yet, he decided to trade off non-public information back in 2015 and 2016.
In one case, Levoff sold approximately $10M worth of AAPL ahead of its quarterly earnings announcement. That’s right, the guy was the company’s head of corporate law and ensuring compliance with AAPL’s insider trading policy. Essentially, he was the one who was supposed to prevent cases like that from happening.
According to the SEC, between 2015 and 2016, Levoff placed trades based on proprietary information on three separate occasions to avoid losses or even turn a profit.
How The Executive Escaped Losses and Made Money
In July 2015, Levoff got his hands-on financial data that indicated the company would miss analyst estimates for iPhone sales (a key data point traders focus on).
Levoff dumped all of his AAPL shares… and guess what happened on that occasion?
AAPL dropped by more than 4% and he avoided $345K in losses. Heck, that wasn’t his first rodeo. Levoff also committed insider trading in 2011 and 2012, allegedly.
Someone close to the matter emailed him about APPL’s pre-earnings release and Levoff came in and bought thousands of shares of AAPL… and sold shortly after the company smashed earnings.
He raked in about $245K in profits off those trades.
The SEC now wants Levoff to return his illicit profits and losses avoided… but the watchdog says it only amounted to about $382K, but who knows, it could’ve been way more.
Basically, they’re able to “hide” their trading activity through exclusive trading venues, and it makes it a lot harder for the SEC to figure out exactly what it is they’re doing.
Yes, You Can Legally Profit From Wall Street’s Greed
For example, I noticed an interesting order that hit the market in Virgin Galactic Holdings Inc (SPCE). There was a massive 560K dark pool order that went off at $10.20.
Since it was such a massive order, I decided to keep it on my watchlist. Thereafter, I saw more dark pool trades come in sporadically. It was a very strange play, so I decided to take a stab.
Guess what the stock did after I bought those call options? The stock runs higher… and I was looking to take profits.
The calls were rockin’ that day, and I took some of my profits off the table!
However, I wasn’t the only one who took part in this move…
Just sold SPCE calls for +36% Thx Taylor! ~ Gary T.
Same here Gary out SPCE +38%, Thanks Taylor ~ Dave
same here for 40%, excellent… ~ Lee
+50% on SPCE ~ Robert
The thing is, there are trades like this that go off in the market ALL the time. The only thing you have to do is be there for these trades. For a limited time only, you can take advantage of my Shadow Trader service at the lowest price ever.
I don’t think these Wall Street insiders are going anywhere… and come 2020, you’ll want to be equipped with the right tools to profit from dark pool activity.