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 ten courses. In addition, he has created numerous internships with regulatory agencies, private firms and associations.
Research and Writing
Broker-Dealer Regulation: Twice Annual Supplements 1988-2005. New York: West Group, 1988-2006.
A Student's Guide to Accounting for Lawyers. Third edition. New York: Matthew Bender, 1998 (with Daniel Lipsky). (Prior editions, 1985 and 1994).
"Regulation of International Trade and Business." in Treatise on Polish Law. Warsaw, Poland: Dom Wydawniczy ABC, 1998.
"We're No Brokers: Financial Sites, Like Investors, Need SEC Help Online", Legal Times, August 6, 2001, pp. 43-45
"Enter With Caution: in Protecting Online Investor, Regulators Should Not Overburden Brokers,"Legal Times, June 28, 1999, pp. 18-19
"Risky Business: D.C. News Headlines and Internet Stock Trading" in Contact, Summer 1999
"Disclosure and Corporate Morality: Beginning a Dialogue." in 48 Catholic University Law Review 1, 1998.
"Securities Regulation and the Broker Dealer Online: Still Stuck in the Postal Age," in Legal Times, October, 1999, pp. 28-30.
"Mandatory Arbitration: Where It Has Gone and Where It Has To Go." NIDR Forum 28 (1995): 28.
"Should Arbitrators Follow the Law?" Securities Arbitration Commentator 5 (March 1993): 2.
"Generating Precedent in Securities Industry Arbitration." Securities Regulation Law Journal 19 (Spring 1991): 26.
"Mandatory Securities Industry Arbitration: The Problems and the Solution." Maryland Law Review 48 (Fall 1989): 881.
"Discovery Procedures and the Selection and Training of Arbitrators: A Study of Securities Industry Practices." American Business Law Journal 26 (Fall 1988): 435.
"The Standard on Which Arbitrators Base Their Decisions: The SRO's Must Decide." Securities Regulation Law Journal 16 (Spring 1988): 3.
"A Primer on Broker-Dealer Regulation." Catholic University Law Review 37 (June 1987): 899.
"Arbitrators' Decisions: Upon What Are They Based?" American Bar Association, Section of Litigation (1987): 270.
"Significant 1986 Regulatory and Legislative Developments." Business Lawyer 42 (May 1987): 857.
"Significant 1985 Regulation and Legislative Developments." Business Lawyer 41 (May 1986): 944.
"Governance of Our Securities Markets and the Failure to Allocate Regulatory Responsibility." Securities Law Review 18 (Annual 1986): 509.
"Governance of Our Securities Markets and the Failure to Allocate Regulatory Responsibility." Catholic University Law Review 34 (Winter 1985): 397.
"Arbitration in the Securities Industry: Too Much of a Good Thing?" Missouri Journal of Dispute Resolution 1985 (Annual 1985): 153.
"The SEC or The Exchanges: Who Should Do What and When? A Proposal to Allocate Regulatory Responsibilities for Securities Markets." U.C. Davis Law Review 16 (Spring 1983): 527.
"Best Execution: The National Market System's Missing Ingredient." Notre Dame Lawyer 57 (February 1982): 449.
"The Special Study of the Options Market: Its Findings and Recommendations." Securities Regulation Law Journal 7 (Winter 1980): 299.
In His Words ...
“As director of the Securities Law Program, I like to think that we succeed in teaching our students the derivation of the law, what the law means and how it is correctly applied. We hone those skills in class and internships. Beyond that, what matters is 'are we decent people, do we have interests outside of our work, do we know how to enjoy life?' "
Office: 462 Law School
Columbia University, College of Graduate Faculties
Cornell University, College of Arts and Sciences
Areas of Expertise