Rajesh Jyotishi: Shalin Financial Advisor Faces Suitability Complaint

Norcross, Georgia financial advisor Rajesh Jyotishi (CRD# 2204676) recently received an investor complaint alleging that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Dempsey Lord Smith, doing business as Shalin Financial Services.

Mr. Jyotishi’s BrokerCheck report discloses two investor complaints. The most recent, filed in November 2024, alleges that as a representative of Dempsey Lord Smith, he recommended unsuitable investments, made misrepresentations of material facts, and breached his fiduciary duty. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2010, alleged that as a representative of FSC Securities Corporation, he misrepresented a variable annuity income rider. In 2012 the complaint reached a settlement of $20,000.

Shalin Financial Services’ website includes a profile of Mr. Jyotishi that describes his background and experience as the firm’s president and chief executive officer. “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,” it explains. “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.”

According to the Financial Industry Regulatory Authority, Rajesh Jyotishi holds 32 years of securities industry experience. Based in Norcross, Georgia, he has been registered as a broker and an investment advisor with Dempsey Lord Smith since 2015, doing business as Shalin Financial Services. His registration history includes Kovack Securities, Resource Horizons Group, SII Investments, FSC Securities Corporation, Raike Financial Group, Washington Square Securities, First Colonial Securities Group, and NYLife Securities. His credentials include the passage of six securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Florida, Georgia, and South Carolina. (Information current as of December 30, 2024.)

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