Individuals who engage in insider trading are subject to both criminal and civil liability under securities legislation and corporate legislation.In addition to the penalty of up to 10 years in prison for insider trading,amendments to the Criminal Code created a penalty of up to 5 years in prison for conviction of a tipping offence.

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This statement is true. Insider trading is punishable under both criminal and civil laws, and amendments to the Criminal Code have created a penalty of up to 5 years in prison for tipping offences.

Individuals Who Engage in Insider Trading Are Subject to Both