Former Morgan Stanley Broker Joseph Eisler Barred after Allegations
According to a Letter of acceptance on April 11th, 2025, financial advisor Joseph Eisler (CRD#: 2503507)was barred by FINRA, the securities regulator, from working as a broker.
Eisler was reportedly registered with FINRA as a General Securities Representative and Investment Banking Representative with Morgan Stanley from June 2009 until December 2022, when the firm filed a Uniform Termination Notice(Form U5) terminating Eisler’s registration.
According to FINRA, Eisler had reportedly resigned after being placed on “administrative leave pending further investigation into (i) allegations of unauthorized sharing of confidential client trading information through an unapproved messaging platform and (ii) an alleged agreement with a client to receive unapproved compensation in exchange for certain trading opportunities.”
Eisler remained registered with FINRA through his association with another FINRA member, LPL Financial, until March 27, 2025.
From at least August 2014 to June 2022, Eisler purportedly allocated shares of new issues to a customer in exchange for a portion of the customer’s realized profits when the stock was sold, in the form of excessive compensation on unrelated transactions. Eisler allegedly shared in the profits in his customer’s account despite not obtaining prior written authorization from his firm or from the customer. As a result, he reportedly violated FINRA Rules 5131(a), 2150(c), and 2010 leading to the bar.
FINRA BrokerCheck: Joseph Eisler
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
According to his FINRA BrokerCheck report, Joseph Eisner has four customer complaints filed against him. Allegation include unauthorized and unsuitable investments among others. He was affiliated with the following firms during his career, among others.
12/19/2022 – 03/27/2025 LPL FINANCIAL LLC (CRD#:6413) BLUE BELL, PA
06/01/2009 – 12/19/2022 MORGAN STANLEY (CRD#:149777) New York, NY
Red Flags and Failure to Supervise
When financial advisors engage in unethical or fraudulent practices, such as misrepresenting investments, unauthorized trading, or misusing client funds they can be held responsible for investment losses. FINRA-registered broker-dealers have a duty to supervise their brokers to prevent such misconduct. If the firm fails to supervise its brokers properly, it can be held liable through FINRA arbitration.
Class Action Lawsuit vs. Individual FINRA Arbitration Lawsuit
You may wonder whether a large class action lawsuit is a better litigation option than an individual FINRA arbitration case. The answer depends on many factors, but typically if the loss sustained is large (say larger than $100,000), an individual arbitration claim is likely a better option. Class action lawsuits as a recovery option are more appropriate for grouping large numbers of individuals who have small claims – too small to generally pursue individually.
FINRA Lawsuits
If you have suffered investment losses with Joseph Eisler and Morgan Stanley, the securities attorneys at the White Law Group may be able to help you by filing a FINRA lawsuit. Please call our offices at (888) 637-5510 for a free consultation. We take cases in all 50 states including Pennsylvania.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
Last modified: April 16, 2025
