CNBC:

The SEC Wednesday charged a former Apple executive with insider trading.

Gene Levoff, senior director of corporate law and corporate secretary until September, “traded on material nonpublic information about Apple’s earnings three times during 2015 and 2016,” according to the lawsuit filed Wednesday in the U.S. District Court of New Jersey.

Of all the people at Apple who should know better, you’d think the guy who sent out emails that said, “Remember, trading is not permitted, whether or not in an open trading window, if you possess or have access to material information that has not been disclosed publicly.” At least, you’d hope he’d be smarter about it.