Professor Lipton teaches securities regulation, corporate finance, and corporations. He also is the director of the Law School's Securities Regulation Program. Professor Lipton received his B.A. degree from Cornell University and an M.A. in public law and government from Columbia University. Before going on to Michigan University law school, where he received his J.D., he worked as a public relations specialist for New York City's anti-poverty program.
At law school, he was admitted onto the Michigan Law Review. Upon graduation, he went to work with the New York firm of Debevoise & Plimpton where he practiced securities and corporate law. While at Debevoise, Professor Lipton served as a pro bono litigator for the Community Law Offices of East Harlem. After practicing in New York, Professor Lipton began his teaching career at Case Western Reserve University School of Law where he taught corporations, contracts and agency law. He was accepted as a visiting Attorney Fellow at the Securities and Exchange Commission where he served in the Division of Market Regulation.
He has been on the faculty of the law school since 1980. In that time, he has increased the school's securities offerings from one to seven courses. In addition, he has created numerous internships with regulatory agencies, private firms and associations. Professor Lipton created the Law School's Securities Program which offers a certificate in Securities Regulation.
He was also instrumental in forming and maintaining the school's active Securities Alumni Practice Group as well as the Student Securities Law Association and the Securities Regulation Moot Court Competition. Professor Lipton is frequently quoted in newspapers, radio and television in matters relating to securities market regulation, broker-dealer regulation, securities arbitration, insider trading, and the impact of technology on securities regulation.
He has been elected to serve as chair, vice chair and member of the Steering Committee of the D.C. Bar's Section on Corporations, Finance and Securities. He has chaired and served as a member of the National Association of Securities Dealer's National Arbitration Committee. Professor Lipton has served two separate terms on the NASD's (now FINRA's) National Market Regulation Committee, in addition to one term on its National Adjudicatory Committee. He had served as a director of the Municipal Securities Rulemaking Board where he chaired the Audit Committee.
Professor Lipton currently serves as a member of the Board of Advisors to the SEC Historical Society. Since the 1980s, he has chaired arbitration panels for the New York Stock Exchange and the NASD. He frequently conducts programs at the law school and with the D.C. Bar on matters relating to securities, corporate governance, arbitration and securities trading. He also organized a number of symposia to encourage the recruitment of minorities in the securities industry. These programs became models for later efforts by the SEC.