Footage appeared to show the jockey striking the horse at a 'show' obstacle before the Flynn Hotel Group Mares Handicap Hurdle at the Friday evening fixture, subsequently creating a stir on social media.
The raceday stewards were not aware of the matter, but the Turf Club has powers to take retrospective action where appropriate and following the completion of an investigation, the referrals committee will convene at Killarney at midday.
Speaking to the Irish Daily Star earlier this week, Russell said: "Unfortunately, the Turf Club are looking at what happened at Tramore so I cannot really go into the specifics.
"The situation with Kings Dolly was an ordinary enough situation and I didn't do anything out of the ordinary.
"I'm not sure everyone on social media quite understands how a thoroughbred racehorse handles at race time, but I am happy to speak to the Turf Club about this.
"I ride every horse to win, no matter what, and would never do anything to hamper its chances."