Clause 27

A licensed trust company or any of its employees involved in the management of the assets of an express trust shall not enter into any transaction for the purchase or sale of securities or futures contracts for its or his own account unless all instructions to purchase or sell securities or futures contracts of the same class for the account of the trust have been fulfilled.

Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 3 years or to both.