Insider dealing—sentence tracker
Insider dealing—sentence tracker

The following Corporate Crime guidance note provides comprehensive and up to date legal information covering:

  • Insider dealing—sentence tracker
  • Sentencing for insider dealing
  • Sentencing guidelines

Insider dealing is the use of sensitive or privileged information that has not yet been released to the public to take advantage of the market. When someone in possession of inside information uses that information to deal in securities that are price-affected securities this constitutes the offence.

For detailed information about the offence of insider dealing, see Practice Notes: Insider dealing and Insider dealing—a quick guide.

Sentencing for insider dealing

An individual guilty of insider dealing shall be liable:

  1. on summary conviction, to a fine or imprisonment for a term not exceeding six months, or to both. Note that for offences committed in England and Wales before 12 March 2015, the upper limit to the fine which the magistrates can impose on summary conviction is £5,000, or

  2. on conviction on indictment, to a fine or imprisonment for a term not exceeding seven years or to both

For information about the recovery of assets obtained by the proceeds of crime, see Practice Note: Confiscation under the Proceeds of Crime Act 2002.

The court also has the power to disqualify a convicted person from acting as a company director. See Practice Note: Directors' disqualification orders in the criminal courts.

Sentencing guidelines

From 1 October 2019, the Sentencing Council’s General guideline: overarching principles will apply to the sentencing of all insider dealing offences. From that