Thursday was a big day in insider trading busts, as four new arrests were made by the Securities and Exchange Commission cracking down on insider trading.
One of those arrests, though, is particularly interesting to Apple enthusiasts: Walter Shimoon, an executive for Flextronics (an Apple supplier), was one of those busted on Thursday, and as it turns out, one of his violations was to pass on information about both an iPhone update and the iPad before they were official.