People

Russell Sacks is a financial services regulatory partner in King & Spalding’s Corporate, Finance and Investments practice.

He provides advice to market participants on a worldwide basis with respect to regulatory, transactional, trading and markets issues, with particular emphasis on U.S. regulation of securities broker-dealers, asset managers, clearing agencies, and electronic trading systems.

Russell represents broker-dealers and asset managers on all aspects of those business’ life cycles, with particular emphasis on regulation of private banks and wealth managers; investment banks; equity and fixed-income trading operations; research businesses; regulation of syndicates; and electronic trading systems.  Russell regularly represents globally important financial institutions, including state-owned financial institutions, on their cross-border activities.  Russell also regularly represents SIFMA with respect to various issues in respect of SEC and FINRA regulation.

Full Bio

Credentials

LL.B., University of Toronto, with honors

B.A., Columbia University, magna cum laude

New York

Law Clerk, The Honourable Justice Allen M. Linden, Federal Court of Appeal, Ottawa, Canada

Member, American Bar Association: Committee on Federal Regulation of Securities, Subcommittee on NASD Corporate Finance Rules and Committee on State Regulation of Securities

IFLR1000, “Highly Regarded Lawyer” for Financial Regulatory


2020

Lawyers Alliance for New York, Cornerstone Award


2014

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Recognition

IFLR1000, “Highly Regarded Lawyer” for Financial Regulatory


2020

Lawyers Alliance for New York, Cornerstone Award


2014

News

In the News · Source: New York Law Journal, Reuters, The American Lawyer, Mergers & Acquisitions, Financial Times, ICLG News, Global Investigations Review and Bloomberg Law

February 22, 2021
Financial Services partner Russell Sacks joins the firm’s Corporate, Finance and Investments practice group in New York

View all

Matters

Formation and expansion of broker-dealers
Formation, registration and expansion of broker-dealers, ATS and clearing agencies, including entities focused on retail brokerage, private banking and wealth management, investment banking advisory, private placements and secondary placement of private securities, research distribution, and secondary trading

Representation of clients seeking regulatory relief
SIFMA, in connection with: adoption of the Financial Industry Regulatory Authority’s (“FINRA”) front-running Rule 5270; with respect to FINRA’s Corporate Financing and IPO Allocation rules; and in connection with SEC regulation of Transfer Agents.

Broker-dealers involved in investigations and enforcement
Representation of broker-dealers involved in SEC and FINRA investigations and enforcement actions, including with respect to: books and records retention; structured notes; ADR trading; trading in securities issued in accordance with Rule 144A; advertising (including fund  advertising materials); dealing in products of affiliated issuers, FINRA IPO allocation rules, the SEC net capital rule, and trade reporting rules (including both TRACE and OATS reporting).

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Matters

Formation and expansion of broker-dealers
Formation, registration and expansion of broker-dealers, ATS and clearing agencies, including entities focused on retail brokerage, private banking and wealth management, investment banking advisory, private placements and secondary placement of private securities, research distribution, and secondary trading

Representation of clients seeking regulatory relief
SIFMA, in connection with: adoption of the Financial Industry Regulatory Authority’s (“FINRA”) front-running Rule 5270; with respect to FINRA’s Corporate Financing and IPO Allocation rules; and in connection with SEC regulation of Transfer Agents.

Broker-dealers involved in investigations and enforcement
Representation of broker-dealers involved in SEC and FINRA investigations and enforcement actions, including with respect to: books and records retention; structured notes; ADR trading; trading in securities issued in accordance with Rule 144A; advertising (including fund  advertising materials); dealing in products of affiliated issuers, FINRA IPO allocation rules, the SEC net capital rule, and trade reporting rules (including both TRACE and OATS reporting).

Advice to financial institutions involved in capital markets, or merger and acquisition transactions
Merrill Lynch in its acquisition by Bank of America
UBS in the acquisition of the private client and brokerage business of McDonald Investments
The consortium of European banks led by Royal Bank of Scotland, in its unsolicited tender for ABN AMRO
General Electric Co. (GE) on the sale of GE Asset Management Inc. (GEAM) to State Street Corp for $485 million
Itaú in its merger with Unibanco
Credit Suisse Securities in the sale of its U.S. and Latin American Private Wealth businesses to Wells Fargo Advisors, LLC and Morgan Stanley Smith Barney LLC, respectively
Blackstone in connection with the spin-off of its financial and strategic advisory services, restructuring and reorganization advisory services to form PJT Partners, an independent financial advisory firm founded by Paul J. Taubman
Evercore Partners, In its acquisition of ISI

News

In the News · Source: New York Law Journal, Reuters, The American Lawyer, Mergers & Acquisitions, Financial Times, ICLG News, Global Investigations Review and Bloomberg Law

February 22, 2021
Financial Services partner Russell Sacks joins the firm’s Corporate, Finance and Investments practice group in New York

View all

Matters

Formation and expansion of broker-dealers
Formation, registration and expansion of broker-dealers, ATS and clearing agencies, including entities focused on retail brokerage, private banking and wealth management, investment banking advisory, private placements and secondary placement of private securities, research distribution, and secondary trading

Representation of clients seeking regulatory relief
SIFMA, in connection with: adoption of the Financial Industry Regulatory Authority’s (“FINRA”) front-running Rule 5270; with respect to FINRA’s Corporate Financing and IPO Allocation rules; and in connection with SEC regulation of Transfer Agents.

Broker-dealers involved in investigations and enforcement
Representation of broker-dealers involved in SEC and FINRA investigations and enforcement actions, including with respect to: books and records retention; structured notes; ADR trading; trading in securities issued in accordance with Rule 144A; advertising (including fund  advertising materials); dealing in products of affiliated issuers, FINRA IPO allocation rules, the SEC net capital rule, and trade reporting rules (including both TRACE and OATS reporting).

See more
Icon close

Close

Matters

Formation and expansion of broker-dealers
Formation, registration and expansion of broker-dealers, ATS and clearing agencies, including entities focused on retail brokerage, private banking and wealth management, investment banking advisory, private placements and secondary placement of private securities, research distribution, and secondary trading

Representation of clients seeking regulatory relief
SIFMA, in connection with: adoption of the Financial Industry Regulatory Authority’s (“FINRA”) front-running Rule 5270; with respect to FINRA’s Corporate Financing and IPO Allocation rules; and in connection with SEC regulation of Transfer Agents.

Broker-dealers involved in investigations and enforcement
Representation of broker-dealers involved in SEC and FINRA investigations and enforcement actions, including with respect to: books and records retention; structured notes; ADR trading; trading in securities issued in accordance with Rule 144A; advertising (including fund  advertising materials); dealing in products of affiliated issuers, FINRA IPO allocation rules, the SEC net capital rule, and trade reporting rules (including both TRACE and OATS reporting).

Advice to financial institutions involved in capital markets, or merger and acquisition transactions
Merrill Lynch in its acquisition by Bank of America
UBS in the acquisition of the private client and brokerage business of McDonald Investments
The consortium of European banks led by Royal Bank of Scotland, in its unsolicited tender for ABN AMRO
General Electric Co. (GE) on the sale of GE Asset Management Inc. (GEAM) to State Street Corp for $485 million
Itaú in its merger with Unibanco
Credit Suisse Securities in the sale of its U.S. and Latin American Private Wealth businesses to Wells Fargo Advisors, LLC and Morgan Stanley Smith Barney LLC, respectively
Blackstone in connection with the spin-off of its financial and strategic advisory services, restructuring and reorganization advisory services to form PJT Partners, an independent financial advisory firm founded by Paul J. Taubman
Evercore Partners, In its acquisition of ISI

News

In the News · Source: New York Law Journal, Reuters, The American Lawyer, Mergers & Acquisitions, Financial Times, ICLG News, Global Investigations Review and Bloomberg Law

February 22, 2021
Financial Services partner Russell Sacks joins the firm’s Corporate, Finance and Investments practice group in New York

View all

Credentials

LL.B., University of Toronto, with honors

B.A., Columbia University, magna cum laude

New York

Law Clerk, The Honourable Justice Allen M. Linden, Federal Court of Appeal, Ottawa, Canada

Member, American Bar Association: Committee on Federal Regulation of Securities, Subcommittee on NASD Corporate Finance Rules and Committee on State Regulation of Securities

IFLR1000, “Highly Regarded Lawyer” for Financial Regulatory


2020

Lawyers Alliance for New York, Cornerstone Award


2014

Icon close

Close

Recognition

IFLR1000, “Highly Regarded Lawyer” for Financial Regulatory


2020

Lawyers Alliance for New York, Cornerstone Award


2014