Mona Bhalla brings extensive expertise in the supervision and regulation of the insurance industry and has developed a multifaceted skill set that allows her to provide financial services companies with unparalleled insights, advice, and counsel. Her experience spans regulatory compliance, corporate governance, securities law, and strategic transactions, making her an asset for navigating complex legal challenges in the insurance industry.
Through her work with the New York State Department of Financial Services (NYDFS), Mona established standards for financial solvency, market conduct, and corporate oversight, and, together with her team, ensured compliance with such standards, laws, and regulations through frequent testing and monitoring. During her time at the NYDFS, she supervised and managed the NYDFS Life Insurance Bureau and its 132 full-time employees, whose responsibilities included the examination and regulation of all life insurers and related entities licensed in New York State and compliance with the National Association of Insurance Commissioners (NAIC) accreditation program.
In private practice, Mona advised clients on capital markets and securities, general corporate matters and governance, private and public M&A, and venture capital and private equity transactions. She served as corporate secretary and senior corporate counsel for several diversified financial services firms, including two publicly traded organizations, and is well-versed in the Securities Act of 1933, Securities Exchange Act of 1934, Investment Company Act of 1940, and Investment Advisers Act of 1940.