CFTC Chairman Michael Selig Pledges to Congress to Punish Fraud and Insider Trading

CFTC Chairman's Pledge to Congress CFTC Chairman Michael Selig is set to pledge to Congress that he will punish fraud and insider trading, according to the U.S. Commodity Futures Trading Commission. The pledge includes a commitment to crack down on these activities. Selig's written remarks contain the statement: 'WE WILL FIND YOU AND YOU WILL FACE THE FULL FORCE OF THE LAW'.

The remarks were prepared for delivery to Congress on April 15, 2026. Selig, as chairman, emphasized enforcement against violations in futures and commodities trading. This pledge follows ongoing oversight of market integrity by the commission.

Details of the Written Remarks In his statement to Congress, Selig reiterated the pledge to punish fraud and insider trading.

U.S. Commodity Futures Trading Commission confirmed the content of the remarks. Selig's direct quote in the remarks is: 'WE WILL FIND YOU AND YOU WILL FACE THE FULL FORCE OF THE LAW'. The pledge targets wrongdoers in the commodities sector.

Enforcement actions will apply the full force of regulatory authority. Congress receives these updates as part of routine commission testimony.

Context of CFTC Enforcement The CFTC, under Selig's leadership, maintains responsibility for regulating derivatives markets.

Fraud and insider trading undermine market fairness, prompting such pledges. The commission's actions align with federal laws governing commodities trading. Selig's appearance before Congress on this date provides a platform for the announcement.

Prior commission efforts have included investigations into similar violations. The pledge reinforces the agency's role in protecting market participants.

Implications for Market Regulation This commitment by Selig signals continued vigilance against illegal trading practices.

The CFTC's jurisdiction covers swaps, futures, and options. Congress oversees the commission's budget and priorities, influencing enforcement scope.