Joseph Toner’s investment management practice focuses on representing investment advisers and registered and unregistered investment companies in all aspects of their businesses. Mr. Toner counsels such firms regarding regulatory requirements, structuring and organizing new products (including potential registration requirements), trading issues, affiliated transactions, advertising, and distribution arrangements. Mr. Toner has represented clients before the Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission, and self-regulatory organizations, including in enforcement and examination matters. In addition, Mr. Toner has experience with structuring new advisers, reorganizations, and mergers and acquisitions in the investment management industry.

Mr. Toner was previously a counsel at WilmerHale. Before rejoining the firm, Mr. Toner held positions at the SEC in the Division of Investment Management, Chief Counsel’s Office, serving as Senior Counsel and Acting Branch Chief. During his time at the SEC, Mr. Toner was involved in several matters related to crypto assets, fund liquidity, and investment adviser regulation.

Professional Activities and Community Involvement

Mr. Toner is a member of the Corporation, Finance and Securities Community of the District of Columbia Bar. Mr. Toner is also an attorney volunteer with the District of Columbia Bar Small Business Legal Assistance Program.

Insights & News


  • Education

    • JD, Washington and Lee University School of Law, 2011

      Homer Adams Holt Emulation Merit Scholarship
    • BA, Foreign Affairs and Sociology, University of Virginia, 2008

  • Admissions

    • District of Columbia

    • Georgia

  • Government Experience

    • Securities and Exchange Commission

      Division of Investment Management

      Senior Counsel, Chief Counsel’s Office
    • Securities and Exchange Commission

      Division of Investment Management

      Acting Branch Chief, Chief Counsel’s Office