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Is it illegal to use insider information to stock market?
Legal analysis: If insiders speculate on stocks for profit, they will be suspected of insider trading and leaking inside information. The insider of the inside information of securities and futures trading or the person who illegally obtains the inside information of securities and futures trading buys and sells securities or engages in futures trading related to the inside information before the inside information of securities and futures trading or other information that has a significant impact on the price of securities and futures trading is made public. Or divulge information, or express or imply that others are engaged in the above-mentioned trading activities, if the circumstances are serious, they shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than one time but not more than five times the illegal income; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall be fined not less than one time but not more than five times the illegal income.

Legal basis: Article 180 of the Criminal Law of People's Republic of China (PRC) stipulates that insiders of insider information of securities and futures trading or people who illegally obtain insider information of securities and futures trading buy and sell securities, or engage in futures trading related to the insider information, or disclose the information before the disclosure of securities, securities and futures trading or other information that has a significant impact on the price of securities and futures trading. Or express or imply that others are engaged in the above-mentioned trading activities, if the circumstances are serious, they shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall be fined not less than one time but not more than five times the illegal income.

Where a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention.

The scope of insider information and insiders shall be determined in accordance with the provisions of laws and administrative regulations.