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 ten years in prison for insider trading,amendments to the Criminal Code created a penalty of up to five years in prison for conviction of a tipping offence.

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Insider trading laws indeed subject individuals to both criminal and civil liability, aiming to maintain fair and efficient markets. The penalties for insider trading can be severe, including imprisonment, to deter such illegal activities. The distinction between insider trading and tipping (providing insider information to someone else) is recognized in legal frameworks, with both actions attracting significant penalties, including imprisonment, as a means to uphold market integrity.

Individuals Who Engage in Insider Trading Are Subject to Both