Rajesh Jyotishi, Dempsey Broker, Involved in Suitability Dispute
Rajesh Jyotishi (CRD# 2204676), a broker registered with Dempsey Lord Smith, misrepresented and recommended unsuitable investments, according to an investor dispute. MDF Law is investigating the Norcross, Georgia-based financial professional for similar conduct. Investors with concerns about their accounts are encouraged to call our firm for a free, confidential consultation.
The below post contains additional details about the investor disputes involving Mr. Jyotishi. This information is based on a February 5, 2025 examination of his BrokerCheck profile, a Financial Industry Regulatory Authority record.
Pending Dispute Alleges Misrepresentation, Unsuitability
On November 5, 2024, an investor filed a dispute involving Mr. Jyotishi. In this claim, the investor alleged that he recommended unsuitable investments, misrepresented the products, and breached his fiduciary duty. The dispute, which is still pending, seeks unspecified alleged damages.
Firm Settled 2010 Dispute
The above-described dispute is not the only one in Mr. Jyotishi’s record. In 2010, another party of investors lodged a claim alleging that he misrepresented a variable annuity income rider. In 2012, his former member firm settled the dispute for $20,000.
Brokers Must Make Suitable Recommendations
Misrepresentation describes a broker’s provision of inaccurate and/or misleading disclosures concerning an investment recommendation. The misrepresentation of material information—that is, information that represents a significant consideration to investors—generally contravenes FINRA Rule 2020. Under this rule, brokers may not use “any manipulative, deceptive or other fraudulent device or contrivance” as they go about performing securities trades. When they do, they put their clients at risk of making unsuitable investments.
What Is Shalin Financial Services?
As his BrokerCheck profile reflects, Mr. Jyotishi is the president of Shalin Financial Services. This firm offers securities and advisory services through Dempsey Lord Smith, according to its website. That website also features a lengthy professional biography of Mr. Jyotishi that outlines his credentials and philosophy as the firm’s president.
“Rajesh’s fundamental objective for the firm is to provide clients with a competitive range of insurance and investment products so he can best meet their needs,” this profile reads. “Over the past two decades, Shalin Financial has grown to help thousands of individuals and businesses with insurance, investment services, and financial planning, all while staying firmly rooted in this foundational principle.”
FINRA: Rajesh Jyotishi Based in Norcross, Georgia
Mr. Jyotishi launched his career as a broker in 1992, according to his BrokerCheck profile. That year, he joined NYLife Securities, which he departed a few months later for First Colonial Securities. Over the following decades, he worked with a number of firms, including FSC Securities and Resource Horizons Group. He joined his current member firm, Dempsey Lord Smith, in 2015, and is still based at its office in Norcross, Georgia. With 32 years of experience as a broker, he has completed six industry exams, including the Series 7 and the Series 22.
Call MDF Law to Discuss Your Investment Losses
MDF Law’s dedicated investment fraud attorneys have secured more than $100 million in recoveries for their clients. We take cases on a contingency basis: clients only pay a fee if they successfully recover losses. We currently offer free consultations to investors nationwide. If you suffered losses working with Rajesh Jyotishi, call us at 800-767-8040 for a free consultation.