Legal basis: Article 191 of the Securities Law of People's Republic of China (PRC). If an insider of insider information in securities trading or a person who illegally obtains insider information violates the provisions of Article 53 of this Law and engages in insider trading, he shall be ordered to dispose of the illegally held securities according to law, confiscate the illegal income and impose a fine of not less than one time but not more than ten times the illegal income; If there is no illegal income or the illegal income is less than 500,000 yuan, a fine of not less than 500,000 yuan but not more than 5 million 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 200,000 yuan but not more than 2 million yuan. Any staff member of the the State Council Securities Regulatory Authority who engages in insider trading shall be given a heavier punishment. Whoever, in violation of the provisions of Article 54 of this Law, uses undisclosed information to conduct transactions shall be punished in accordance with the provisions of the preceding paragraph.