Joseph A. Eisler

ChapmanAlbin is investigating claims on behalf of investors who may have been harmed by former Morgan Stanley broker Joseph A. Eisler.

According to a recent FINRA enforcement action, Eisler has been permanently barred from the securities industry for engaging in a years-long profit-sharing scheme tied to new issue allocations and for using unauthorized communication channels to conceal his misconduct.

From at least 2014 through 2022, Eisler provided a client with favorable allocations of new issues in exchange for receiving a portion of the client’s profits through excessive commissions on unrelated transactions. This kickback arrangement violated FINRA Rule 5131(a), which prohibits quid pro quo allocation of IPO shares, as well as FINRA’s rule prohibiting registered representatives from sharing in customer accounts without written consent. Eisler failed to obtain permission from either the customer or his firm and ultimately received over $120,000 through this improper agreement.

Additionally, Eisler used personal text messages to conduct firm business—explicitly against Morgan Stanley policy—hiding hundreds of business-related communications from his employer over an eight-year period. These off-channel messages, which included trade instructions and performance discussions, were not captured or preserved as required by law, leading to further regulatory violations.

If you invested with Joseph A. Eisler or received new issue allocations during his time at Morgan Stanley and believe you may have been affected by this misconduct, contact ChapmanAlbin. We are actively investigating claims and may be able to help you recover your losses.

Call 1-877-410-8172 or visit chapmanalbin.com for a free consultation.