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Related Publications

12/05/14 CFTC Releases No-Action Letter 14-144
The letter modifies previous No-Action Letter 13-22, to expand relief for treasury affiliates entering into swaps on behalf of non-financial end-user affiliates that could otherwise elect the exception in section 2(h)(7) of the CEA and section 50.50 of the Commission’s regulations.
11/07/14 CFTC Proposes Amendments to Recordkeeping Rules
Proposed changes would provide permanent relief from compliance with certain recordkeeping requirements and narrow the types of records that must be identifiable by transaction.
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Related News

02/13/12 Morgan Lewis Picks Up Dodd-Frank Pro, ERISA Partners, Law360
The arrival of new partners Marla J. Kreindler, Julie K. Stapel, and Michael M. Philipp is covered.
02/06/12 Morgan Lewis Expands Existing Derivatives and Commodity Futures Platform with Addition of Leading Chicago-based Partner
Morgan Lewis today announces that Michael M. Philipp has joined the firm as a partner in its Financial Services, Investment Management and Securities Industry practice, resident in Chicago.
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Photo of  Michael M. Philipp

practice accolades

Investment Management

Ranked, National Tier 1: Securities/Capital Markets Law, U.S. News and Best Lawyers (2015)

Ranked: Investment Fund Formation and Management: Mutual/Registered Funds in The U.S. Legal 500 (2014)

Ranked: Financial Services Regulation: Broker-Dealer Regulation in Chambers USA (2014)

Ranked: Investment Funds: Registered Funds in Chambers USA (2014)

honors + affiliations

Noted in The Legal 500 for Mutual/Registered Funds and Structured Finance (2014)

Listed, The Best Lawyers in America (2007–2012)

Member, Federal Reserve Bank of Chicago's Working Group on Financial Markets

Board Member, The Ark

Former Member, Chicago Mercantile Exchange and Chicago Board of Trade Business Conduct and Probable Cause Committees

Program Chair, American Bar Association, Futures and Derivatives Law Committee Winter Meeting (2005)

Former Chair, Chicago Bar Association, Futures and Derivatives Law Committee  

Former Member, Executive Committee of the Futures Industry Association Law and Compliance Division

bar admissions

  • Illinois

Court Admissions

  • U.S. District Court for the Northern District of Illinois
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Michael M. Philipp

77 West Wacker Dr.
Chicago, IL 60601-5094
United States
Phone: +1.312.324.1905
Fax: +1.312.324.1001

Michael M. Philipp is a partner in Morgan Lewis's Investment Management and Securities Industry Practice. Mr. Philipp represents financial services clients in futures and securities transactions and in derivatives regulation, legislation, compliance, and enforcement matters.

Mr. Philipp serves as counsel to domestic and foreign exchanges and clearing organizations, banks, investment managers, brokerage firms, and end-users in connection with exchange-traded and over-the-counter derivative instruments. He has represented foreign exchanges and clearing houses in their U.S. offerings of futures and equity options products and derivatives clearing activities.

Mr. Philipp provides advice regarding a broad range of Dodd Frank and CFTC registration related issues, including swap clearing, registration of SEFs and SDRs, retail and ECP FX transactions, ISDA DF Protocol, swap reporting, and CPO and CTA registration. He also provides assistance to firms in negotiating bi-lateral and cleared swap documentation.

Prior to joining Morgan Lewis, Mr. Philipp was a partner at an international law firm, resident in Chicago. He was also previously an in-house attorney for the Chicago Mercantile Exchange, where he served as counsel to the Exchange's regulatory trade practice, compliance, and arbitration committees.

Mr. Philipp received his J.D. from DePaul University College of Law in 1992 and his B.A., with honors, in Near Eastern languages and civilizations from the University of Chicago in 1981.

Mr. Philipp is admitted to practice in Illinois and before the U.S. District Court for the Northern District of Illinois.


  • DePaul University College of Law, 1992, J.D.
  • University of Chicago, 1981, B.A., With Honors