Overview

Walé Oriola draws on his SEC experience to provide counsel to investment management clients on a range of regulatory, corporate, and transactional matters. He represents investment advisers, registered investment companies and their independent directors on the formation, offering and operation of investment products -- including open-end and closed-end funds, multi-class funds and fund of funds. Walé advises clients on all stages of fund operation, including fund and product development and launches, ongoing SEC regulatory, compliance and registration requirements and ESG matters. He also counsels clients in assessing and developing compliance programs, represents clients before the SEC staff with respect to examinations, exemptive orders and other matters, and regularly advises investment advisers on various aspects of the Investment Advisers Act of 1940.

Walé has a wide array of specialized experience relating to the SEC’s rulemaking process and reviews of regulatory filings for investment products and investment advisers under federal securities laws. He is a trusted adviser to help clients mitigate risk and adapt to regulatory changes, and navigate interactions with the SEC and other regulatory bodies.

Regulatory Experience

Prior to joining Faegre Drinker, Walé served as senior counsel in the SEC’s Division of Investment Management Rulemaking Office. In that role, he participated in the development of policy and rulemaking relating to investment advisers and investment companies, most recently the adoption of the IABD rulemaking package, proposal stage of the rules related to investment companies and investment advisers to address matters relating to ESG factors, amendments to the Custody Rule for investment advisers and amendments to the Funds Name Rule. He also served as principal staff counsel for the ESG Subcommittee and the Diversity and Inclusion Subcommittee of the SEC’s Asset Management Advisory Committee, where he provided technical, governance and compliance guidance to members of the committee, including industry experts representing the views of retail and institutional investors, small and large funds, intermediaries and other market participants.

Additionally, he served as staff counsel for the SEC’s Strategic Hub for Innovation and Financial Technology (FinHub). In that capacity, Walé engaged with industry participants in the potential development of cryptocurrencies and cryptocurrency-related investment services and products.

His other role during his tenure with the SEC include serving as attorney-adviser in the Office of Investor Education and Advocacy, where Walé was part of a team that expanded the office’s investor education offerings to a diverse retail investor population and completed assessments of the Office’s investor engagement outcomes.

Walé was a co-chair and chair of the SEC’s African American Council (2018 – 2021) where he worked with senior officers and the SEC’s Office of Minority and Inclusion to foster diversity, equity and inclusion at the SEC. In 2020, he was awarded the Chairman’s Award for excellence.

Prior to joining the SEC, Walé worked in the Office of Fraud Detection and Market Intelligence at FINRA. There, he conducted investigations of potential violations of securities law and FINRA rules by examining public statements, stock promotional materials and trading data.

Business Experience

Before attending law school, Walé worked as a finance and insurance manager at an automobile company ensuring all monetary transactions were compliant with Office of Foreign Assets Control (OFAC) regulations.

Personal Interests

Walé practices the Afro-Brazilian martial art Capoeira – a style that combines elements of dance, acrobatics and music. He is an avid traveler and supports Chelsea Football Club in the Barclays Premier League.

Credentials

Bar Admissions

Admitted only in New York; supervision by principals of the firm admitted to the D.C. Bar
New York

Languages

Yoruba

Education

Georgetown University Law Center
Certificate in Securities & Financial Law (2019)

Hofstra University School of Law
J.D. (2013)

CUNY Lehman College
B.A. (2002)

Leadership & Community

Pro Bono

  • Co-chair and Chair of the SEC’s African American Council (2018-21)

Honors

  • United States Securities and Exchange Commission — The Chairman’s Award for Serving the Interests of Main Street Investors – Investor Experience Team, 2020
  • United States Securities and Exchange Commission — The Chairman’s Award for Excellence – IABD Rulemaking Team, 2019
  • United States Securities and Exchange Commission — SEC’s Community Service Award – Educational Outreach Team, 2017

Awards Methodology

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