Mike Selig

speaker
632 appearances 5 recordings 3 series first heard Feb 2026 last heard 2 Jul

Mike Selig’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
2 · Feb OctJan 26AprJulnow

Recordings per month over the last 12 months — 5 in all, peaking in Feb 2026 with 2.

Appearances

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The exchanges will be reviewing the contracts, as I mentioned.
And my aim for that review is to be consistent with the statute to make sure the exchanges understand their obligations.
So when contracts get listed, they're kind of filtered through that initial process of, are these things readily susceptible to manipulation?
If they're listed, they shouldn't be.
And investors should be able to kind of appreciate that and respect that they're buying something that's not going to be manipulable or easily manipulable, rather.
But of course, there's always a risk of insider trading manipulation, even if something's not readily susceptible to it.
And insider trading is a type of market manipulation or fraud that's prohibited under our statute.
But there's a range of kind of insider information, right?
Not all of its material non-public information that's been misappropriated, that's prohibited in our markets.
So somebody could obtain insider non-public information that's just because they had access to a facility or saw something.
And hedging firms and hedge funds and exchanges and other types of businesses are trading on that information on a regular basis, right?
Because they, for example, might have cameras that see what's going on in the Walmart parking lot and that sort of thing.
That's not the type of insider information that we're concerned about, or I wouldn't call it necessarily insider information.
It's just information, right?
And our markets are efficient, so that gets priced in very quickly.
But when you take information that you have a duty to, for example, your employer or your sports team or someone else, and you misappropriate that and trade on it, that's illegal.
A good example is, you know, the trainer for an athlete, they know someone's got an injury on the team and aren't going to play in a game.
So they go and trade on that.
They have a duty to the team or to their, you know, hospital or whoever is a physician not to trade on that.
So we're certainly monitoring for that.
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