Fred's practice focuses on the business of financial services firms, with particular attention to federal, state, and self-regulatory requirements, compliance and legal matters, firm governance, and product structures and requirements. His work covers product and broker-dealer regulation; FINRA and Securities and Exchange Commission examinations, inquiries, and investigations; development of policies and procedures; supervisory structure and governance; internal reviews; enhancing firm culture and control environment; and compliance advice and training. Fred also litigates matters in the courts and in FINRA arbitrations.
In addition to financial services companies, Fred advises and represents international industrial companies in the development of global codes of conduct, focusing on employment practices, anti-corruption, government sanctions, AML and KYC, and other key policies relating to compliance and an ethical business culture.
Fred has held leadership positions at several of the world's leading exchanges, global banks, and broker-dealers. He began his career as a trial attorney at the SEC and has repeatedly been sought out to steer industry committees. He has extensive experience on cross-border activity, fixed income, derivatives, and complex products and has represented and advised clients in matters relating to AML, KYC, employee misconduct, sales practices, trading, investment banking, and proprietary and confidential information.
He has taught at IIT Chicago-Kent College of Law (seminar on securities market regulation), Catholic University of America (securities litigation), and American University (legal methods), and he has been a frequent speaker on securities regulation topics at legal conferences.
Fred was a partner at McGonigle, P.C., before the firm combined with Davis Wright Tremaine.
Before re-entering private practice, Fred served for more than eight years as the general counsel of a mid-market broker-dealer with an institutional fixed income business, from its inception through its acquisition by a global bank. During that time, Fred created the Mid-Market Financial Services Regulatory Group, a clearing house for thought leadership for mid-market financial services firms. The group has met regularly since its inception, most recently while Fred was at McGonigle, P.C., which combined with Davis Wright Tremaine in 2022. The group focuses on issues of interest to mid-market financial services banks and broker-dealers and also provides a forum for dialogues with regulatory leaders.
SEC and exchange experience
Fred has headed the Regulatory Risk Group of the New York Stock Exchange, served as associate general counsel of the Chicago Board Options Exchange, and acted as a trial attorney in the SEC's Trial Unit.
Fred can assist clients in developing a holistic approach to problem solving and integrating management of matters that involve multiple stakeholders and parties of interest, including management, investors, governing boards and committees, employees, and counterparties.
Admitted to Practice
District of Columbia, 1976
New York, 1989
Pennsylvania, Inactive, 1978
J.D., Emory University School of Law, 1975
- Research Editor, Emory Law Journal
- Dean's List
B.A., American Civilization, University of Pennsylvania, 1972, cum laude
Memberships & Affiliations
Former member, Business Conduct Committee, Chicago Board Options Exchange
Former member, Business Conduct Committee, Philadelphia Stock Exchange
Former chair, Compliance Committee, Bond Market Association
Former chair, Compliance Committee, Emerging Markets Trader Association
Former member, Steering Committee, Securities Houses Compliance Officers Group (London)
Former member, Compliance Committee, London Investment Banking Association
Former member, Executive Committee, Security Industry Authority
Former member, various committees, SIFMA
Partner, McGonigle, P.C., 2019-2022
General Counsel, KGS-Alpha Capital Markets, 2010-2018
Vice President, Head of Regulatory Risk, New York Stock Exchange, 2007-2010
Managing Director, Citi Global Markets, 2002-2006
Global Head of Compliance, Charles Schwab, 1998-2002
Chief Compliance Counsel and Head of European Compliance, Salomon Brothers, 1991-1998
Special Counsel, Katten Muchin (Rosenman & Colin), 1989-1991
Associate General Counsel, Chicago Board Options Exchange, 1983-1988
Associate, Morgan, Lewis & Bockius, 1978-1982
Trial Attorney, Division of Enforcement, Securities and Exchange Commission, 1975-1978