Trayne Wheeler is a partner in the asset management and investment funds practice group, based in K&L Gates' Boston office. He is a member of the exchange-traded fund (ETF) sub-practice group within the asset management and investment funds practice group. Trayne’s practice focuses on advising mutual funds, ETFs, hedge funds, investment advisers, broker-dealers, and other financial service providers.
Trayne advises investment company complexes and investment advisers of all sizes, counseling them on a wide range of regulatory, compliance, transactional and operational issues, including SEC-registration, mergers and reorganizations, and negotiations with fund service-providers. Trayne also has extensive experience in launching new mutual funds, ETFs, and private funds. He has drafted numerous offering documents and registration statements for open-end funds, closed-end funds, ETFs, and private funds. Trayne has extensive experience in asset management compliance. Trayne has worked on internal policies, procedures, compliance checklists, CCO policies and procedures, advisory contracts, and corresponding disclosures in SEC forms for open-end funds, closed-end funds, ETFs, and investment advisers. He has assisted various clients discussing novel issues with senior SEC staff, including seeking exemptive and no-action relief. He has acted as fund counsel and independent director counsel for various mutual fund complexes. Trayne has also acted as special counsel organizing the preparation and public offering of numerous open-end funds, closed-end funds, and ETFs.
During law school, Trayne worked for the Federal Deposit Insurance Corporation in the Boston regional office. There he wrote legal memoranda detailing charges of bank fraud for pending litigation and enforcement hearings and had extensive exposure to dual state and federal banking system regulatory issues.
- "New Listing Rules Adopted for ETFs Relying on Rule 6c-11—Exchanges’ ETF Listing Compliance Burdens Reduced," The Investment Lawyer, August 2020