David Long Jr., Edward Jones Complaints | Selling Away Investigation
Edward Jones reportedly discharged financial advisor David L. Long Jr. on February 26, 2026, after the firm reportedly raised concerns that he had not followed its policies on selling away, according to Long’s FINRA BrokerCheck report. Investors who worked with Long and are concerned about potential investment losses may want to review their accounts.
The White Law Group is looking into David Long Jr. Edward Jones complaints, including a customer dispute alleging that Long arranged an outside loan for a client without his firm’s knowledge or approval.
Who Is David L. Long Jr.?
David L. Long Jr. (CRD #4477884) was registered with Edward Jones until his discharge in February 2026. According to BrokerCheck, Long previously held Series 7, Series 6, Series 66, and Series 63 licenses and was also formerly registered with Foresters Equity Services, Inc. He is not currently registered with a FINRA-member firm.
David Long Jr. Edward Jones Complaints: What the Customer Dispute Alleges
On February 20, 2026, a customer filed a complaint alleging that Long arranged a hard-money loan between the customer and a third party outside of Edward Jones, and that the loan was allegedly not repaid. The customer sought $10,000 in damages. Edward Jones denied the complaint on March 23, 2026.
Six days after the complaint was filed, on February 26, 2026, Edward Jones discharged Long. According to BrokerCheck, the discharge was purportedly connected to the firm’s concern that Long did not follow firm policy relating to selling away the practice of a broker soliciting or facilitating an investment or loan outside the scope of his or her registered firm, without the firm’s knowledge or approval. These are allegations reflected on Long’s regulatory record; he has not been criminally charged, and FINRA has not barred or suspended him in connection with this matter as of this writing.
What Is “Selling Away”?
Selling away occurs when a broker recommends or facilitates an investment such as a promissory note, private placement, or, as alleged here, a hard-money loan that has not been approved by, or is not offered through, the broker’s registered firm. FINRA Rule 3280 requires brokers to provide written notice to their firm before participating in private securities transactions of this kind. When a firm fails to detect or supervise this conduct, it may share liability for resulting investor losses.
Edward Jones’ Duty to Supervise
Brokerage firms are required under FINRA rules to maintain a reasonably designed supervisory system to detect and prevent selling away and other sales practice violations. Edward Jones’ own BrokerCheck record reflects a lengthy history of regulatory actions and customer complaints. Investors who worked with David Long Jr. may have a claim against Edward Jones for failure to supervise, in addition to any claim against Long individually.
Frequently Asked Questions
Was David Long Jr. barred by FINRA?
No. As of this writing, Long has not been barred or suspended by FINRA. Edward Jones discharged him from the firm on February 26, 2026, and he is no longer registered with a FINRA-member firm, according to BrokerCheck.
Is there a lawsuit against David Long Jr. or Edward Jones?
Not at this time. The allegations against Long are currently reflected as a customer dispute and an employment separation disclosure on his FINRA BrokerCheck report, not a civil lawsuit. Investors who believe they suffered losses connected to this matter typically pursue recovery through FINRA arbitration rather than court litigation.
What should I do if I invested through David Long Jr. at Edward Jones?
If you have concerns about the loan referenced in the allegations, or another investment you made through Long, contact The White Law Group for a free, confidential consultation to review your options.
Contact The White Law Group
The White Law Group, national securities fraud attorneys with offices in Chicago and Seattle, represents investors nationwide in FINRA arbitration claims against brokers and brokerage firms. If you have concerns about investments made through David Long Jr. or Edward Jones, call (888) 637-5510 or visit our contact page for a free case evaluation.
