David L Long Jr (CRD #4477884) Has Customer Dispute and Employment Separation Disclosures on FINRA BrokerCheck

David L Long Jr (CRD #4477884) was previously registered as a broker. His FINRA BrokerCheck report shows one customer dispute. It also shows one employment separation disclosure. We reviewed the report on April 27, 2026. If you invested with David Long and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

David Long’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On February 20, 2026, a customer alleged that David Long arranged a hard-money loan between the customer and a third party outside Edward Jones. The customer also alleged that the loan was not repaid. The customer sought $10,000 in damages. David Long FINRA BrokerCheck lists the product as other loan. Edward Jones denied the complaint on March 23, 2026.

Employment Separation

David Long’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the disclosure is below:

On February 26, 2026, Edward Jones discharged David Long. David Long FINRA BrokerCheck states that the firm had concerns that he did not follow firm policy relating to selling away. David Long FINRA BrokerCheck lists the product type as other loan.

Rule Summary #1: FINRA Rule 3280 (Private Securities Transactions)

FINRA Rule 3280 limits private securities transactions by associated persons. The rule requires written notice to the firm before the person takes part in a private securities transaction.

Rule Summary #2: FINRA Rule 3270 (Outside Business Activities)

FINRA Rule 3270 requires prior written notice for outside business activity. This allows a firm to review the activity and decide whether limits are needed.

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:

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.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

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.

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, David Long:

• Is not currently registered as a broker.

• Has passed the Securities Industry Essentials (SIE) exam. David Long has passed Series 7 and Series 6. He has also passed Series 66 and Series 63.

• Was previously registered with Edward Jones and Foresters Equity Services, Inc.

Kurta Law Can Help

If you have worked with David Long and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Selling Away | Securities Attorney

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.