Definition
Prohibited under each provincial Securities Act and the Criminal Code. An insider includes directors, officers, ≥10% shareholders, and any person in a special relationship with the issuer (including registrants who learn material non-public information through their work). Tipping — passing the information to others — is also prohibited.
Source
Securities Act (Ontario) s.76; Criminal Code s.382.1
Where this shows up on the CIRE
- Outcome 6.5