Rajeev Dhillon (CRD #6485713) Has a Customer Dispute Disclosure on FINRA BrokerCheck
Rajeev Dhillon (CRD #6485713) Has a Customer Dispute Disclosure on
FINRA BrokerCheck
Rajeev Dhillon (CRD #6485713) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 16, 2026. It reflects one customer dispute. If you invested with Rajeev Dhillon and have concerns, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Investor Disputes / Customer Complaints
Rajeev Dhillon’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:
On January 16, 2026, a customer alleged Rajeev Dhillon misappropriated funds, altered documents, and engaged in selling away from November 2022 to November 2023. Rajeev Dhillon FINRA BrokerCheck lists the matter as pending and states the customer seeks $100,000 in alleged damages. BrokerCheck lists the product type as no product and names Merrill Lynch, Pierce, Fenner & Smith Incorporated as the employing firm when the activity occurred.
Rule Summary #1: FINRA Rule 2150 (Improper Use of Customers’ Securities or Funds)
FINRA Rule 2150 says a broker cannot make improper use of a customer’s securities or funds. Claims involving misappropriation can raise questions about whether customer assets were handled properly.
Rule Summary #2: FINRA Rule 3280 (Private Securities Transactions of an Associated Person)
FINRA Rule 3280 covers private securities transactions, often called selling away. It requires written notice and, in many cases, firm approval before a broker participates in securities transactions outside the regular scope of employment.
Why This Matters to Investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.
Reg BI has four key obligations:
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Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.
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Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.
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Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.
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Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.
Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.
Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background Information (from BrokerCheck)
Based on his FINRA BrokerCheck report, Rajeev Dhillon:
Is currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Has passed the Securities Industry Essentials (SIE) exam. Rajeev Dhillon has also passed Series 7, Series 66, and Series 63.
Was previously registered with firms that include Truist Investment Services, Inc., Truist Advisory Services, Inc., Wells Fargo Advisors Financial Network, LLC, and J.P. Morgan Securities LLC.
Kurta Law Can Help
If you have worked with Rajeev Dhillon and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. A securities attorney can help you assess potential causes of action and determine whether your losses may be recoverable through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.
Helpful resources: Securities Attorney | What Is Securities Fraud
For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.