Overview
Before joining Faegre Baker Daniels, Jigar served as counsel at the American Council of Life Insurers. Jigar was ACLI’s subject matter authority on privacy, cybersecurity, insuretech, ORSA, FINRA and state securities issues. Jigar worked with ACLI’s member companies and drafted comment letters to individual state insurance regulators, the NAIC, and various federal regulators to provide the life insurance industry’s crucial perspective on pending legislation and regulation. Jigar also represented the life insurance industry on various NAIC workstreams and advocated their interests during the promulgation or adoption of model laws by the NAIC and state insurance regulators.
Prior to ACLI, Jigar was the regulatory affairs counsel for the Financial Services Institute (FSI). There, he guided FSI’s state regulatory outreach with individual state securities regulators and the North American Securities Administrators Association. He also served as the primary contact for state securities regulators on issues ranging from prevention of elder abuse to investment adviser registration.
Regulatory Experience
Before launching his legal career, Jigar was a regulatory analyst at FINRA’s Office of Fraud Detection and Market Intelligence. There he conducted investigations on violations of federal securities laws and FINRA’s rules that were reported to FINRA’s Office of the Whistleblower. He also drafted regulatory referrals to FINRA’s Department of Enforcement and the SEC on potential illicit conduct by registered representatives. He also conducted legal research and prepared documents related to FINRA rules violations.
Personal Interests
Jigar enjoys running (albeit slowly), Indian bhangra dancing, and is an avid and suffering fan of his New York Jets, Knicks and Rangers.
Services & Industries
Credentials
Bar Admissions
New York
District of Columbia
Languages
Gujarati
Education
American University Washington College of Law
J.D. Sustainable Development Law and Policy Brief (staff editor) (2012)
Binghamton University
B.A. in Political Science (2008)
Insights & Events
Insights
Other Perspectives
- Insurance in the Digital Age
Presenter, Texas Association of Life and Health Insurers, San Antonio, March 2018 - The Opportunities and Pitfalls of Data and IoT
Panelist, Insurance Risk and Capital Conference, New York, September 2018 - The Cybersecurity Landscape in the United States
Presenter, Canadian Life and Health Insurance Association Cyber Security Conference, Toronto (teleconference), March 2017 - Data, Cyber and Insurance: Evolving Regulations for a Changing Industry
Panelist, 14th Annual Insurance Summit, Washington, D.C., March 2017
Leadership & Community
Pro Bono
- District of Columbia Financial Services Regulatory Sandbox and Innovation Council — Member, 2019-present