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Yes insider trading can be charged criminally, but there's no actual statute prohibiting it, surprisingly:

"For example, Section 16 of the Securities Exchange Act of 1934 requires the disgorgement of short-swing profits by named insiders—directors, officers, and 10% shareholders. The 1934 Act’s general antifraud provision, Section 10(b), is frequently used in the prosecution of insider traders. Although the statute does not specifically mention insider trading but, instead, forbids the use of “manipulative or deceptive” means in buying or selling securities, case law has made clear that insider trading is the type of fraud that is prohibited by Section 10(b)" (https://fas.org/sgp/crs/misc/RS21127.pdf, emphasis added)

In other words, everybody has just basically decided that insider trading is wrong and people should go to jail for doing it, and caselaw reflects that, but there's no actual statute in place anywhere.

A Republican actually created Amtrak, in case you didn't know.

As a manager, I know for a fact that PIPs are almost never survived in any organization I've ever been in.

You're lucky. A PIP is basically HR creating a paper trail to justify your eventual termination (in case of lawsuits, etc).

It seems extraordinarily generous to offer a choice of severance or a hearing in front of an impartial "jury", as alternatives to a PIP. Anyone who's been working for a while knows that when you get to a PIP, you basically have one foot out the door. Relatively few people go from PIP back to a valued, productive employee.