FINRA Recommends Disciplinary Action Against Joseph Eisler

Joseph Eisler (CRD #: 2503507), a broker registered with LPL Financial, has been investigated by FINRA, according to his BrokerCheck record, accessed on February 11, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

FINRA Investigation

On January 21, 2025, FINRA entered a preliminary determination to recommend disciplinary action against Joseph Eisler, alleging that he improperly shared in client profits and improperly disclosed the confidential trading strategies of a third-party fund manager.

FINRA further alleged that Joseph Eisler caused his firm to maintain incomplete books and records by using text messages for business communications.

FINRA Rule 2150

FINRA Rule 2150(c) prohibits brokers from directly or indirectly sharing in the profits or losses of a client’s account unless they have prior authorization from both the client and their firm.

Further, brokers can only share in the profits or losses of an account in direct proportion to their own financial contributions to it.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.

Resignation from Morgan Stanley Wealth Management

On December 19, 2022, Joseph Eisler resigned from Morgan Stanley Wealth Management following allegations that he made an agreement with a client to receive unapproved compensation in connection with trading opportunities, and that he shared confidential client trading information without authorization through an unapproved messaging platform.

Investor Dispute

On September 8, 2022, an investor alleged that Joseph Eisler made misrepresentations with regard to trading in their account between 2011 and 2022. This dispute was settled for $900,000.

FINRA Rule 2020

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts.  This includes information about an investment’s fees, risks, and potential returns.

Background Information

Joseph Eisler has passed the following exams:

• Investment Banking Registered Representative Examination – Series 79TO
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• National Commodity Futures Examination – Series 3
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

Joseph Eisler is a registered broker in six states and a registered investment adviser in New York and Pennsylvania.

He has also worked for Morgan Stanley (CRD#:149777) and Morgan Stanley & Company (CRD#:8209).

Kurta Law Can Help

If you worked with Joseph Eisler and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.