Will be punished by confiscation of illegal income, fines, warnings and so on. Article 202 of the Securities Law stipulates that an insider of insider information of securities trading or a person who illegally obtains insider information, before the issuance and trading of securities or other information that has a significant impact on the price of securities is made public, buys or sells securities or discloses the information, or advises others to buy or sell the securities, shall be ordered to deal with the illegally held securities according to law, confiscate the illegal income and impose a fine of more than 1 times but less than 5 times the illegal income; If there is no illegal income or the illegal income is less than 30,000 yuan, a fine of 30,000 yuan to 600,000 yuan shall be imposed. Where a unit engages in insider trading, it shall also give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of not less than 30,000 yuan but not more than 300,000 yuan. Any staff member of the securities regulatory body who engages in insider trading shall be given a heavier punishment.