Donald Ray Pittman Jr (CRD #7119777) Has an Employment Separation Disclosure on FINRA BrokerCheck

Donald Ray Pittman Jr (CRD #7119777) is a broker with an employment separation disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 12, 2026. It reflects one termination disclosure. If you invested with Donald Pittman and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation After Allegations

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

On February 9, 2026, Edward Jones discharged Donald Pittman. Donald Pittman FINRA BrokerCheck reports that the firm cited concerns about firm policies on tax advice and outside activities. BrokerCheck lists the product type as No Product. The broker-reported version lists the same termination type, date, concerns, and product type.

Rule Summary #1: FINRA Rule 3270 (Outside Business Activities of Registered Persons)

FINRA Rule 3270 addresses outside business activities. It requires prior written notice before a registered person engages in outside work for pay, or expected pay. This can matter when a termination cites outside activities.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor)

FINRA Rule 2010 requires high standards of commercial honor and just principles of trade. Termination disclosures can raise questions about whether conduct met industry standards.

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, Donald Pittman:

Is currently registered with LPL Financial LLC.

Has passed the Securities Industry Essentials (SIE) exam. Donald Pittman has passed Series 7. He has also passed Series 66.

Was previously registered with Edward Jones.

Kurta Law Can Help

If you have worked with Donald Pittman 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. They can also explain 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.