Russell M. Fecteau

Russell is a regulatory and enforcement defense attorney focusing on complex trading issues for broker-dealers, investment advisors, dual registrants, and registered representatives in SEC and FINRA matters. Based on his experience as a former senior attorney in FINRA's Market Regulation Department, Russell has a deep understanding of equity trading activity that he uses in cases involving alleged wash trades, pre-arranged trades, spoofing, and layering activity. He is experienced in analyzing customer order activity, depth of market issues, and comparable market prices in best execution reviews. He routinely counsels firms on compliance with extended hours trading issues, the Market Access Rule, Reg SHO, securities lending issues, as well as CAT and TRF reporting requirements.

Russell also is very experienced in primary and secondary market trading issues for fixed income securities. He has extensive experience in analyzing prevailing market price considerations in markup/markdown reviews for compliance with FINRA and MSRB Rules. Similar to his experience in the equity markets, Russell is well-versed in examining comparable market prices in less-liquid fixed income securities as part of best execution reviews for both corporate and municipal bonds. He also routinely advises clients on compliance with TRACE and RTRS reporting requirements.