MICHAEL SACKHEIM focuses on derivatives transactional and regulatory matters in the Securities Enforcement and Regulatory Practice, which received the 2019 Chambers USA Award for Financial Services Regulation, and was named the “Law Firm of the Year” for Securities Regulation in 2020 and 2017 by U.S. News – Best Lawyers. In the enforcement area, he has represented trading entities in Commodity Futures Trading Commission enforcement actions, including a Dubai energy trader, a Texas energy company, an Asian state-owned cotton trader, a Japanese bank with respect to LIBOR benchmarking, a British bank concerning its foreign exchange trading and was appointed by a federal judge to be the receiver in a CFTC foreign exchange enforcement case. Currently, Michael is representing a trader in a criminal investigation into alleged “spoofing” in the futures markets. He regularly advises clients on compliance with CFTC and National Futures Association regulations and negotiates all forms of trading agreements, including on an ongoing basis for the past 10 years for a large mutual funds group.
Michael received the New York City Bar’s “Thurgood Marshall Award” for his representation of a death row inmate in Alabama, a 14-year series of appeals that resulted in the inmate’s death sentence changed to life imprisonment without parole. He has been recognized for his work in Capital Markets: Derivatives in Chambers Global (2020), where “impressed clients” said, “He can cut through various issues and help focus on the specifics. He brings a practical approach to a very technical area.” Michael is a former prosecutor in Manhattan and a former chair of the New York City Bar’s Committee on Derivatives Regulation.