JOSEPH ADAM EISLER

04/11/2025: From at least August 2014 to June 2022, Eisler 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. Moreover, Eisler 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 violated FINRA Rules 5131(a), 2150(c), and 2010. Eisler also used text messages on his personal device to conduct securities business even though Morgan Stanley prohibited their use. As a result, the firm did not preserve the text messages as required by Section 17(a) of the Securities Exchange Act of 1934 and Exchange Act Rule 17a-4(b)(4). As a result, Eisler violated FINRA Rules 4511 and 2010. For these violations, Eisler is barred from associating with any FINRA member in all capacities.

Reference 2022077330501data-portal.finra.orgfinra.org