Mitchell Pearson (CRD #5449703) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Mitchell Pearson (CRD #5449703) is a broker currently registered with Equitable Advisors, LLC and has a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 16, 2026. It reflects one customer dispute. If you invested with Mitchell Pearson and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

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

On February 12, 2026, a client alleged Mitchell Pearson misrepresented the terms of a variable universal life policy purchased in 2024. Mitchell Pearson FINRA BrokerCheck lists the product type as insurance and the alleged damages as $5,000. The complaint was denied on March 31, 2026. Mitchell Pearson’s BrokerCheck report also states the firm determined potential damages were greater than $5,000, and his broker statement says the firm found no basis for the customer’s complaint.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation. It also requires a broker to match a recommendation to the customer’s profile, including risk tolerance, liquidity needs, and time horizon.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system and written procedures. In a dispute over how product terms were explained, supervision and review procedures can become important.

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.

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, Mitchell Pearson:

Is currently registered with Equitable Advisors, LLC.

Has passed the Securities Industry Essentials (SIE) exam. Mitchell Pearson has also passed Series 7 and Series 66.

BrokerCheck lists no prior securities firm registrations in the registration history section.

Kurta Law Can Help

If you have worked with Mitchell Pearson and have concerns about the activity described above, 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: Securities Attorney | 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.